MiFID II - the Journey Continues...

  • 20/03/2019

MiFID II has been implemented for over a year now – how has the market responded and what will the next stage in its evolution look like? Has transparency been achieved??

TRADEcho news and updates

  • 11/02/2019

In this newsletter, TRADEcho discusses the recent changes to the MiFID II Systematic Internaliser (SI) regime and looks at what information is available to firms ahead of Brexit. 

ESMA updates its Q&As on MiFID II and MiFIR market structure and transparency topics

  • 04/10/2018

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding market structures and transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The new Q&As provide clarification on a range of topics, including: Classification of derivatives on derivatives for transparency purposes; Default liquidity status of bonds (amendment to an existing Q&A); and Scope of the pre-trade transparency waiver provided under Article 9(1)(c) of MiFIR.

ESMA sets out plan for Systematic Internaliser regime calculations and publications

  • 12/07/2018

The European Securities and Markets Authority (ESMA) has today published details of its action plan (within its updated Q&As on MiFID II and MiFIR transparency topics) for systematic internaliser (SI) regime calculations ahead of their publication on 1 August 2018. ESMA’s action plan focuses on equity, equity-like instruments and bonds while postponing the publication for derivatives and other instruments to 1 February 2019.