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MiFID II frame

MiFID II

MiFID II will have a significant impact on financial institutions providing services in the EU. Hogan Lovells has created this site to help firms understand what will change under MiFID II, and how those changes may affect their business.

Algorithmic and high-frequency trading

Algorithmic and high-frequency trading will be more closely regulated

Algorithmic and high-frequency trading

MiFID II will impose tighter systems and controls requirements on firms engaging in algorithmic and high-frequency trading.

Trading venues will have systems requirements to ensure that algorithmic trading cannot contribute to disorderly markets. Venues will need to limit the number of unexecuted orders permitted, slow down order flow and impose minimum tick sizes.

The exemptions available to firms using high-frequency trading techniques will be limited so that more firms will need to be authorised to carry on this activity.

MiFID II also sets out rules on direct electronic access.

Please click the link below to view our briefing note on this topic.

  • About MiFID II
  • Algorithmic and high-frequency trading

    Algorithmic and high-frequency trading

    Algorithmic and high-frequency trading will be more closely regulated

    Algorithmic and high-frequency trading

    MiFID II will impose tighter systems and controls requirements on firms engaging in algorithmic and high-frequency trading.

    Trading venues will have systems requirements to ensure that algorithmic trading cannot contribute to disorderly markets. Venues will need to limit the number of unexecuted orders permitted, slow down order flow and impose minimum tick sizes.

    The exemptions available to firms using high-frequency trading techniques will be limited so that more firms will need to be authorised to carry on this activity.

    MiFID II also sets out rules on direct electronic access.

    Please click the link below to view our briefing note on this topic.

  • Commodity derivatives
  • Data reporting services
  • Derivatives
  • Investor protection
  • Transaction reporting
  • Market infrastructure, trading venues and CCPs
  • Member state implementation
  • MiFID II texts
  • Pre- and post-trade transparency
  • Third country access

Contacts

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