MiFID II: Exemptions and Trading Volumes

MiFID II: Exemptions and Trading Volumes

Stefan Negrila

Head of Regulation at Luxoft

Views 623

MiFID II: Exemptions and Trading Volumes

04.01.2018 10:00 am

As expected, most institutions were only partially prepared for MiFID II. Therefore financial regulators have granted last minute exceptions to ease the pain and ensure orderly function of the markets. Futures exchanges in the UK and Germany were granted a 30 month extension by the FCA and BaFin respectively, for example.

A lot of work still needs to be done.  Even after the bulk of the compliance work is finished, firms need to adapt to the new reality. Those that are fully prepared have come out ahead and are already picking up trading volumes from competitors.

 

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Latest blogs

Colin Dean Hyland

Why Leaders Should Choose Digital Optimisation, Not Transformation

The technological revolution in finance means that, rather than being a once in a decade step-change, digital upgrading has become a decade-long process - perhaps even a never-ending one. Because organisations cannot exist in a constant change of Read more »

Marten Nelson Token.io

Will banks ever learn?

Yesterday, Facebook announced Libra, a stablecoin to be used for payment in WhatsApp and Facebook Messenger. Libra is a stablecoin pegged to a basket of fiat currencies to minimize fluctuation of its value. TechCrunch writes: “Facebook has finally Read more »

Keith McGill Equifax

Cifas Fraudscape 2019: Tackling identity fraud must remain top priority

The latest Cifas figures show worrying trends as identity fraud rose by 10% in 2018, with those aged under 21 and over 60 being increasingly targeted by fraudsters. There was also a 26% rise in cases of ‘money mule’ fraud, highlighting the agile Read more »

Jo Howes Commercial Director

Facebook Libra launch - comment from CREALOGIX

While many in the industry played down the significance of cryptocurrencies since the bursting of the most recent speculative bubble, we have seen several of the larger financial institutions – such as Goldman Sachs, Morgan Stanley and JPMorgan – Read more »

George McDonaugh KR1

Facebook Wants to Take on Banks, Not Bitcoin

Facebook is creating its own cryptocurrency something that even those of us necking the crypto cool aid back in the early Bitcoin days never in our wildest dreams thought would happen. The details are thin on the ground but what we do know is that Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel