Frankfurt
08 September 2017
Reporter: Drew Nicol

Eurex to offer MiFID II simulations ahead of January deadline


Eurex is set to offer its clients access to a simulation trading environment later this month ahead of the second Markets in Financial Instruments Directive's (MiFID II's) January deadline.

Eurex is set to offer its clients access to a simulation trading environment ahead of the second Markets in Financial Instruments Directive (MiFID II) later this month.

According to Eurex, the simulations are aimed at ensuring “they have sufficient time to adapt to the new reality”. MiFID II is expected to go live on 4 January 2018.

Randolf Roth, member of the Eurex executive board, said: “The industry currently undergoes the gargantuan task to oblige to the deadline.”

“We support the market to be able to cross the finish line ribbon.”

Eurex said it is has already started to introduce services to address the overarching objectives of MiFID II, including increasing the transparency of the off-book market and supports market participants’ best execution efforts with a new request for quote platform.

Monthly outstanding volume on Eurex Repo Market rose 42 percent in August compared to same time last year hitting €44.2 billion, up from €31.2 billion in 2016.

The average outstanding volume through Eurex’s GC Pooling fell 56 percent year to year last month.

August’s volume reached €38 billion, down from €86.2 billion in 2016.

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