The Gateway to Algorithmic and Automated Trading

No summer break for MiFID II

Fidessa : Anne Plested - 18th July 2016

The opinions expressed by this blogger and those providing comments are theirs alone, this does not reflect the opinion of Automated Trader or any employee thereof. Automated Trader is not responsible for the accuracy of any of the information supplied by this article.

You may have noticed that the MiFID II Regulatory Technical Standards (RTS) continue to roll off the press at a steady pace signalling finalisation of the Level 2 detail. Last week alone seven RTS documents were adopted by the European Commission, including the long-debated RTS 2 on non-equity transparency and also an RTS on registration of third country firms which could become the focus of significantly more interest in light of the Brexit vote. Only a few documents now remain outstanding.

The next stage following the Commission's adoption is the European Parliament/Council scrutiny of the standards and thereafter - subject to agreement - I'd anticipate that Level 2 could be completed and published in the Official Journal as early as the end of August.