Legal & Compliance
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:
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:
For US customers: