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MiFID II – Trade Automation, Part 1

by Kiki Pentheroudaki

MiFID II is intended to regulate the use of automated trading to ensure a level-playing field for all market participants. In a two-part overview we will provide you with insight into how regulators are thinking. Part one focuses on the history of automated trading and MiFID’s proposals around market-making for high-frequency traders.

Automated or algorithmic trading is used by a wide range of market participants. Profits from high-speed trading in American stocks were ca. $1

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MiFID II is coming – are you prepared?

After EMIR, Basel III and Dodd Frank, MiFID II is now on the horizon. Are you keeping up with the latest regulatory developments in the market?

Alarmed by the impact of the latest financial crisis, regulators globally have released a set of new regulations. While most financial institutions are already working diligently on the implementation of EMIR, Basel III and Dodd Frank, the change in the EU Council presidency to Ireland and the current consultations around MiFID II give further incentives

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After almost two years since the Dodd-Frank Act (DFA) was put on the statute books, the first swap-related articles finally take effect on 12th October this year. Now everyone can be assured they are trading, clearing and reporting under a common set of rules, right?

Not so. While DFA requires market participants to report OTC trades to Swap Data Repositories (SDR) and introduces conduct business rules, other jurisdictions have not yet finalised their respective regulations. A regulatory conundru

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