Community
The EU Presidency has published track changes notes to the latest MiFID II / MiFIR compromise texts. The latest changes which mainly relate to MiFIR reflect implementing the EU’s G20 commitments and ensuring consistency with the European Markets Infrastructure Regulation (EMIR):
·Specifying that broker crossing systems should fall within the Organised Trading Facility (OTF) category rather than within the Multilateral Trading Facility (MTF) or Systematic Internalisers (SI) categories as previously suggested;
·Requiring investment firms to undertake all trading activity in liquid instruments on a regulated market, MTF, OTF or SI unless there is a legitimate reason for it to be concluded outside one of these venues; and
·Providing new detail on CCPs aimed at ensuring non-discriminatory access to trading venues.
Related link on MiFID II:
http://register.consilium.europa.eu/pdf/en/13/st06/st06016-re02.en13.pdf
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Alexander Boehm Chief Executive Officer at PayRate42
05 September
Alexander Saleh Head of Partnerships at Coincover
02 September
Alex Kreger Founder & CEO at UXDA
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