The Market in Financial Instruments Directive (MiFID) was created to regulates Firms providing services linked to Financial Instruments (all asset classes) and the access to trade these intruments. MiFID is applied since November 2007.
MiFID II comes to fortify the previous directive and will take effect on January 3rd 2018. It will include also a new Markets in Financial Instruments Regulation (MiFIR).
The purpose of MiFID II trade reporting is to encourage market transparency and to help offer fair price discovery and liquidity through the timely provision of information to the market. In the context of MiFID I, Post trade transparency requirements in transactions apply to shares and assists in the maintenance of a fair and orderly market. The scope and deferred publication regime will change under MiFID II/MiFIR. (ESMA)
Who needs to publish trade details under MiFID II?
Which trades must be published, and by whom?
Where do we stand today?
- Greenwich Dealing will support its Clients to meet the new regulation demand and ensure all appropriate reporting are provided accordingly.
- Greenwich Dealing will also support the Investment Firms for their Execution Policy.