08 September 2017
Frankfurt
Reporter: Drew Nicol

Eurex to offer MiFID II simulations ahead of January deadline


Eurex is set to offer its clients access to a simulation trading environment later this month ahead of the second Markets in Financial Instruments Directive's (MiFID II's) January deadline.

Eurex is set to offer its clients access to a simulation trading environment ahead of the second Markets in Financial Instruments Directive (MiFID II) later this month.

According to Eurex, the simulations are aimed at ensuring “they have sufficient time to adapt to the new reality”. MiFID II is expected to go live on 4 January 2018.

Randolf Roth, member of the Eurex executive board, said: “The industry currently undergoes the gargantuan task to oblige to the deadline.”

“We support the market to be able to cross the finish line ribbon.”

Eurex said it is has already started to introduce services to address the overarching objectives of MiFID II, including increasing the transparency of the off-book market and supports market participants’ best execution efforts with a new request for quote platform.

Monthly outstanding volume on Eurex Repo Market rose 42 percent in August compared to same time last year hitting €44.2 billion, up from €31.2 billion in 2016.

The average outstanding volume through Eurex’s GC Pooling fell 56 percent year to year last month.

August’s volume reached €38 billion, down from €86.2 billion in 2016.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Hedge funds continue to attract inflows, says J.P. Morgan survey
23 February 2018 | London | Reporter: Brian Bollen
Hedge funds continue to attract inflows, according to a J.P. Morgan 2018 Institutional Investor Survey
SEC votes to extend compliance date for liquidity classification
23 February 2018 | Washington DC | Reporter: Jenna Lomax
The deadline, which will be extended by six months, will provide funds additional time to complete implementation of the final rule's classification requirement
ISDA releases best practice for margin call issuance and response
23 February 2018 | London | Reporter: Jenna Lomax
The ISDA CIC examined the minimum set of fields which is required to communicate the issuance of a margin call, as well as the expected response of a margin call
ESMA gives SSR technical advice
23 February 2018 | Brussels | Reporter: Brian Bollen
Verena Ross, executive director at the ESMA, addressed the Economic and Monetary Affairs Committee of the European Parliament to discuss elements of the short selling regulation
Saxo Bank sees positive growth in 2017
23 February 2018 | Copenhagen | Reporter: Jenna Lomax
Saxo Bank’s reported 33 percent increase in net profit follows the sale of its subsidiary Saxo Privatbank earlier this month
ROBO appoints BNY Mellon as custodian and sec lending agent
22 February 2018 | New York | Reporter: Brian Bollen
ROBO Global, creator of the world’s first ETF to track the global RAAI sector, has selected BNY Mellon to provide the firm with custody and transfer agency services
FCA launches call for input on use of technology for regulation
22 February 2018 | London | Reporter: Jenna Lomax
The Financial Conduct Authority is seeking views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide