Goldman Is Said to Mull Bulking Up Small-Cap Coverage Post-MiFID
- Bank sees MiFID II reducing trading volume in small stocks
- Goldman joins BofA in discussing issue with corporate IR teams
Why Investment Research Won't Be Free Under MiFID II
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Goldman Sachs Group Inc. is considering bulking up its research coverage of small- and mid-capitalization companies, even though Europe’s MiFID II rules are likely to shrink trading volumes in those stocks, bank representatives said on a conference call last week.
The officials discussed analyst coverage of smaller equities with several companies’ investor-relations professionals as part of a broader question-and-answer session about the revised Markets in Financial Instruments Directive, a person who was briefed about the call told Bloomberg News. The person asked not to be named discussing a private matter.