Dealers leave buy side guessing on Mifid trade reporting

Clients face tougher reporting rules if dealers don’t become systematic internalisers

question-mark-and-maze

Buy-side firms face prolonged uncertainty about their trade-reporting obligations under the Markets in Financial Instruments Directive (Mifid II) as dealers are becoming increasingly evasive about their potential status as systematic internalisers (SIs).

"What banks were saying six months ago was that we want to be SI and we will be SI for all instruments. I think banks now are going to volunteer for SI, but for a subset of instruments that is their core competency," says a global markets head

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here