MIFID

    MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE

    MiFID represents a set of financial regulations in the European Union that aim to safeguard and enhance the efficiency of the financial markets. The second iteration of MiFID (MiFID II) came into effect on January 3rd, 2018, expanding the remit of the original directive, but preserving the overall aims to:

    • Migrate more trading on to regulated venues
    • Provide transparency on tradable securities (RTS23)
    • Provide accuracy of timestamps (RTS25)
    • Regulate High Frequency Trading (HFT)
    • Afford regulators the ability to more effectively regulate MAR