The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Time to get livid with Mifid?

"Mifid represents an opportunity for the well prepared but a problem for those who choose to ignore it."

At a recent Euromoney FX conference, one buy-side participant told me how he had to have competitive quotes, backed up by full details of the deal from pre- to post-trade to satisfy his auditors every time he did a spot transaction. In contrast, whenever he did an option, he didn’t have to bother with any of that. I pointed out that, as far as I understood it, his policy ran contrary to what would happen in the post-Mifid environment.

For those who are unaware, the EU’s Markets in Financial Instruments Directive is intended to bring transparency and ensure best execution to the EU’s securities markets. It will supposedly be implemented from November. It seems some FX participants are completely unaware that it will also impact them.

Mifid is not going to just cover equities. Many sharper players are already aware that it also at least partially includes FX.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree