The London Stock Exchange has confirmed the services it
will offer member firms and other market participants to assist
compliance with the EU’s
Markets in Financial Instruments Directive
(MiFID).
The directive seeks to create a more transparent and
standards-based financial services industry across Europe.
The London Stock Exchange says it will provide additional
SETS platform functionality, a new pan-European OTC
trade-reporting service that may be used by both member and
non-member firms, and stand-alone data services for trades in both
UK and European securities that are conducted away from the SETS
order book.
Together with its new technology platform, Tradelect, the
Exchange’s MiFID services will give market participants
comprehensive and neutral solutions to their MiFID compliance
needs, says the Exchange.
David Shrimpton, head of product management and development at
the London Stock Exchange, said, “These new developments will
ensure that the Exchange continues to provide a strong and neutral
central market for the benefit of all participants.”
The directive comes into force this November. Full details of
the Exchange’s new MiFID services are available at:
Top banks get the BOAT to MiFID compliance >>
Do not let MiFID catch you unprepared >>
London Stock
Exchange
>>
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