CySEC issues directives for FX brokers on acquiring a Legal Entity Identifier (‘LEI’) number LeapRate

September 20, 2017 BY LeapRate Staff

CySEC issues directives for FX brokers on acquiring a Legal Entity Identifier (‘LEI’) number

CySEC financial regulator CySEC has issued a circular regarding the requirement for regulated companies to acquire an LEI number, before EU MiFID II rules kick in on January 3, 2018. What is an LEI number? LEI, or Legal Entity Identifier, is a unique identifier for persons that are legal entities or structures including companies, charities and…

September 13, 2017 BY Valentina Kirilova

Thomson Reuters strengthens Eikon MiFID II research unbundling compliance capabilities with Visible Alpha

In partnership with Visible Alpha, integrated solutions enable Eikon buy-side clients to manage research capabilities and compliance more efficiently and effectively. Thomson Reuters (NYSE:TRI) announced that, in partnership with Visible Alpha, has launched multiple joint-solutions in its flagship financial desktop Eikon that will help enable financial institutions to further manage impending MiFID II research unbundling…

September 13, 2017 BY LeapRate Staff

MiFID II - How Many Liquidity Providers Should a Broker Have?

The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. Best execution policy under MiFID adopts a multi-faceted approach that addresses, amongst other things, quality of execution, trading conditions extended to clients and the counterparty selection process. It also provides directions and guidelines on how best execution can…

FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit

September 04, 2017 BY Valentina Kirilova

CySEC requests FX brokers submit CIF license passport application renewal requests under MiFID II by September 27

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) just notified the changes introduced in relation to Passporting Issues and the provision of investment services and activities by third country firms under MiFID II. LeapRate already posted an article on the changes MiFID II will bring to those who passport financial licenses. The complete text…

September 04, 2017 BY Valentina Kirilova

MiFID II: Eurex prepares for the home stretch

The clock is ticking: Only four more months until the biggest market reform of the last decade kicks off. The Markets in Financial Instruments Directive (short: MiFID) II will fundamentally re-design Europe’s derivatives markets and provides strategic opportunities for Eurex, one of the leading derivatives exchanges and part of Group Deutsche Börse. Eurex is about…

August 30, 2017 BY Valentina Kirilova

Bats Europe approved as an APA under MiFID II

Bats Europe, a CBOE Holdings, Inc. (NASDAQ:CBOE), company has today announced it received approval from the UK’s Financial Conduct Authority (FCA) on 24 August 2017 to operate its trade reporting facility as an Approved Publication Arrangement (APA) under MiFID II, with effect from 3 January 2018. The TDM, which is one of Bats’ BXTR suite…

August 24, 2017 BY LeapRate Staff

MiFID II passporting changes for FX brokers highlighted by CySEC

Cyprus financial regulator CySEC has issued a circular highlighting the changes which will take effect come January 2018 in how CySEC-regulated brokers can passport their CIF license to other EU countries. Cyprus based CIF license holders, and in particular Retail FX and CFD brokers, rely on passporting to allow them to do everything from take…

August 15, 2017 BY LeapRate Staff

Does a “Tied Agent” designation equate to an “Introducing Broker (IB)” under MiFID II?

The following article was written by Shobin Matthew Simon, Institutional Sales Manager at Advanced Markets. With the deadline for MiFID II implementation fast approaching, a lot of confusion and uncertainty still exists within the FX Industry. MiFID II regulation is divided into several distinct rule sets with the legislation applying to a broad range of…

August 07, 2017 BY Valentina Kirilova

NEX Optimisation expands Harmony messaging network for MIFID II

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announced today that it has enhanced its existing messaging services to help clients prepare for the 3 January 2018 MiFID II go-live. NEX Optimisation has extended Traiana’s Harmony messaging network to enable participants to exchange additional information to assist with meeting…

August 02, 2017 BY Valentina Kirilova

Deutsche Börse Regulatory Reporting Hub partners with Reg.Tek.Solutions and Risk Focus for MiFID II

The Regulatory Reporting Hub of Deutsche Börse Group announced that has launched a partnership with Risk Focus and its software subsidiary, RegTek.Solutions, headquartered in New York. Risk Focus will provide key system components for the Regulatory Reporting Hub’s OTC Trade Reporting solution, including RegTek.Solutions’ Validate.Trade product. The functionality of the components provided by Risk Focus…

Tag: MiFID II