On 3 January 2018 the revised Market in Financial Instruments Directive (MiFID), and its accompanying Regulation (MiFIR), took effect across the whole of the European Economic Area (EEA). MiFID II, as it is collectively known, is a complex and multifaceted piece of legislation that has started to have a profound effect on market operations and which will undoubtedly continue to shape the world of trading in predictable and unpredictable ways for years to come.…
In response to MiFID II, 360T has built upon its renowned Over the Counter (OTC) trading platform, i.e. TEX – (itself governed by MiFID for facilitating the “receipt and Transmission of orders” ) – and now offers a fully MiFID II compliant Multilateral Trading Facility (MTF) for trading Foreign Exchange (FX) derivative products including: FX Swaps, Forwards, Non-Deliverable Forwards, Non-Deliverable Swaps and FX Options.
360T will of course continue to offer its OTC platform which will be of particular interest to those clients who are not per se subject to MiFID II. However, in adding an MTF to its suite of regulated trading platforms and through leveraging our unique relationship with our parent company, Deutsche Börse Group, 360T is now uniquely positioned to ensure that all its clients are offered the most optimal and efficient solutions to help them comply with their own regulatory trading requirements.
Asides from its MTF trading venue, in relation to MiFID II 360T can also offer a full range of solutions to support bespoke client needs in relation to transaction reporting and other regulatory matters through our partnership with Deutsche Börse Regulatory Hub.
To keep clients informed of current and future developments concerning MiFID we will regularly post guidance and explanations on this website. Alternatively, if you would like to explore or to discuss your MiFID needs we would be delighted to hear from you. In the first instance please contact your relationship manager or, email queries to regulation@360T.com