Wednesday December 13 2017

News Source: Global Exchanges

Focus: MiFID (Global Exchanges)

Type: General

Country: Germany

Link: https://goo.gl/4FeSV3




XETRA have announced that the Rules and Regulations of Frank­furter Wertpapierbörse (Frankfurt Stock Exchange) have been updated. The First Amendment Ordinance to the Exchange Rules for the Frankfurter Wert-papierbörse contains changes for the implementation of the regulations of the European Directive and the Regulation on Markets for Financial Instruments (MiFID II/MiFIR) as well as the following changes:

  • Introduction of the “Volume Discovery Order”,
  • Introduction of the “Best Service Provider”,
  • Adjustment of the additional obligations arising from admission in the Prime Standard,
  • Adjustments to the “Bid-Only quotation” in the Specialist model,
  • Correction regarding the determination of trading hours at year-end and prior to public holidays.

The changes for the implementation of the regulations of the European Directive and the Regulation on Markets for Financial Instruments (MiFID II/MiFIR) will come into effect on 3 January 2018.

Click on the above link for further information.