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).
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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:
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