Banks split on Mifid II pre-trade compliance

Esma promises guidance, but some say ‘firm, executable’ quotes are impossible

With six months to go until Europe’s revised securities trading rules come into force, banks are still unsure how to comply with the requirement to broadcast firm, executable quotes before a trade is completed. Their questions are basic: for how long should the price be available, can quotes be anonymised, and can they be adjusted for counterparty risk?

While the European Securities and Markets Authority tells Risk.net it plans to issue guidance around some of these areas, a spokesperson

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

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