Legal & Compliance

MiFID II

On 3 January 2018, financial and commodities markets in the European Union will implement the Markets in Financial Instruments Directive (MiFID II).

The new rules will regulate companies who provide services or perform certain activities linked to financial instruments and the venues where those instruments are traded.

MiFID II will impact LCM in a number of ways:

  • It will reshape the trading landscape in the EU by requiring OTC broking to move into regulated trading venues.
  • It will provide a new form of trading venue, the organised trading facility (OTF), which is suited to voice and hybrid broking models.
  • A land mark change in the amount of information that is collated on market activity or shown to the market on a pre-trade or post-trade basis.
  • The majority of broking business undertaken by interdealer brokers in the EU will need to move into a trading venue and will be subject to these newly introduced and stringent rules.

    LCM has secured FCA Authorisation to operate as an OTF under MiFID II of which the details can be found below:

  • Operator information: LEI: 213800KL2QZT2GQMQQ34
  • Official Entity Name: LOUIS CAPITAL MARKETS UK LLP
  • Operating MIC: LOUI
  • Enquiries should be directed to: 130 Wood Street, London, EC2V 6DL or email to: Mifid2@louiscapital.com.
  • LCM Order Execution Policy
  • RTS 28 Execution Report
  • RTS 27 Quality of Execution Quantitative Report
  • LCM OTF order execution policy
  • LCM OTF ToB
  • LCM OTF Rule Book
  • OTF Rate Cards and Fee structure
  • Conflicts of Interest Policy
  • Client Consent Form
  • Bribery Policy
  • For US customers:

  • Important Information about opening an account
  • Louis Capital Markets LP Execution Policy
  • Suitability Letter Rule FINRA 2111
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