Before revision: On January 3, 2018 MiFID II regulations came into effect. This paper compares properties of European stocks for 2017 and 2018. The introduced tick size regime impacted the microstructure in accordance with existing literature on tick size changes.
After revision: This paper examines effects of MiFID II on European stock markets. We study the effects of the new tick size regime impacted the microstructure in accordance with existing literature on tick size changes.