LSEG's Bertrand Gives Update on Mifid II Preparations, Intraday Auction
LSEG plans to be Mifid II compliant by end of 2015; use 2016 to test, tweak.
Speak with any European-based company and the Markets in Financial Instruments Directive (Mifid) II rollout looms large.
Mifid II has a go-live date of January 3, 2017. Nicolas Bertrand, head of equity and derivatives markets for the London Stock Exchange Group (LSEG), says that while the date may seem far off, changes need to be made across the industry that will touch trading platforms, databases, data collection/distribution platforms, and numerous operational procedures.
For the LSEG, the
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