LSE Begins MiFID Consultation
The London Stock Exchange (LSE) announced that it has begun consultation with member firms on the services it will offer to keep members in compliance with MiFID.
The exchange has built its services on the TradeElect platform, which will utilize preexisting connectivity and infrastructure to offer a familiar market model under MiFID. LSE will extend its market-maker quoting facilities across EU securities to meet pre-trade transparency requirements. Meanwhile, in order to meet post-trade transparency requirements, the exchange will enhance its existing trade reporting services."The London equity market has a strong advantage in MiFID, reflecting the fact that the directive mirrors the open architecture and competitive environment in which London and the London Stock Exchange have grown. With new market leading technology, an enhanced suite of trading services and an attractive new tariff structure, we look forward to working with our clients throughout Europe and build on London's leading role in market development," said Martin Graham, director of markets for LSE, in a release.
For the full release and a list of changes click here.
For the full consultation document (PDF) click here.