Natallia sits down with Andrew Saks McLeod in London to discuss how FX regulatory landscape is reshaping with implementation of Mifid 2.
The following benefits of RTS27/28 for the brokers are discussed :
– Ability for the retail investors to verify if their broker practices what they preach. Many brokers claim they are sending the flow to the market, whereas in reality they are serving as a counterparty to those trades as demonstrated by their RTS27/28 reports
Trade execution in OTC derivatives is a burning issue among regulators and clients, as is how to source genuine liquidity. In an interview with Andrew Saks-McLeod, founder and CEO of Finance Feeds, we go into detail on how to make sure this is done to your advantage, and done properly.
In a world of constantly evolving regulations, licensing and compliance is of paramount importance. Many traders and brokers read and hear about regulation everywhere, but even with all of this awareness, I still often times come across corporate clients and institutional traders who are failing to conduct counterparty due diligence.
As the global push for greater transparency in financial markets continues to march around the world, top tier regulators are now requiring all entities engaged in trading financial markets to report their LEI (Legal Entity Identifier) number to regulatory repositories.
This article was written in cooperation with Ron Finberg, Head of Business Development at Cappitech
MiFID II has been the focal point of many discussions in the European financial world recently. We have previously focused our attention on several of the main aspects of this upcoming regulation, such as Best Execution Policy, LEI Numbers and Counterparty Disclosure.
MiFID II has been the focal point of many discussions in the European financial world recently. We have previously focused our attention on several of the main aspects of this upcoming regulation, such as Best Execution Policy, LEI Numbers and Counterparty Disclosure.
Best execution policy under MiFID adopts a multi-faceted approach that addresses, amongst other things, quality of execution, trading conditions extended to clients and the counterparty selection process. It also provides directions and guidelines on how best execution can be achieved.
MiFID II, the “Markets in Financial Instruments Directive”, is legislation that is set to be implemented across the European Union on January 3rd, 2018. As this due date approaches, many market participants are scrambling to implement changes to hopefully comply with the new rules. Some, on the other hand, prefer to procrastinate as long as possible in the hope of getting further clarity on this pending regulation.
Welcome to a financial world, full of mysterious acronyms. LEI, CASS, ECP, EMIR, MiFIR, MTF, OTF… This industry just loves acronyms and MiFID II just gave us a whole lot of new ones to work with.
One that I have started hearing more often is the LEI number and it relates directly to the requirements embedded in the upcoming MiFID II directive. The following article will hopefully give answers to these much-asked questions, what is an LEI? Who needs one? Why it is required? How do I get one?
