The European Union is aiming to grant equivalence to trading venues in the US in November, according to a European Commission official, but Risk.net has learned it is unlikely Hong Kong or Singapore will receive equivalence determinations before next year.
On January 3, 2018, the second Markets in Financial Instruments Directive (Mifid II) and its accompanying regulation (Mifir) will apply to financial markets in the EU. Within Mifir is an obligation for EU market participants to trade certain
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