MiFID II: Exemptions and Trading Volumes

Stefan Negrila

Head of Regulation at Luxoft

Views 566

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

Duena Blomstrom PeopleNotTech

Questioning Agile

I get that request all the time. People from all industries who have had no brush with the concept and who have seen some of my articles and can see my borderline-obsessive passion when it gets mentioned want me to provide a Cliff notes version to Read more »

N/A Red Deer

The hidden problems Europe uncovered during unbundling

This is the second in a three-part series of articles to help US asset and hedge fund managers answer their clients’ questions about the unbundling of payments for research and trading and understand what a best in class research management system Read more »

Sarah Jackson Equiniti Credit Services

PSD2 and consumer credit: how will open banking impact the market for unsecured loans?

15 months after open banking launched in the UK, consumer understanding of what it means remains low. In January this year, research showed that just 9% of British adults had used open banking services, and less than a quarter (22%) had even heard Read more »

Alex Nelson Investec Click & Invest

Spring Statement comment: "UK a land of opportunity for investors" - Investec Click & Invest

The chancellor's Spring Statement confirms that, despite Brexit uncertainty, the strength of the underlying economy means there are great opportunities in the UK for equity investors. British stocks have, over the last thirty years, been the darling Read more »

Danny Healy MuleSoft

PSD2 Deadline Tomorrow - How Should Banks Respond?

Tomorrow marks PSD2’s next deadline – the point by which banks must make their open APIs available for testing by payment and account information service providers. Danny Healy, financial technology evangelist at MuleSoft has thoughts on it. Danny Read more »

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