Mifid II commodities impact to hinge on trading venues

Market participants worry about all-important OTF designation

Commodities trail
The precise definition of an OTF is yet to be determined under Mifid II

Commodity market participants are concerned about the evolution of new trading venues under Mifid II, which will be critical to determining whether many energy transactions are regulated under European Union financial rules.

The final text of Mifid II, which includes a recast directive and a regulation, was published on June 12. But many of the details still need to be ironed out in the form of delegated acts and technical standards. The Paris-based European Securities and Markets Authority is e