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Global Market Structure

Delivering Innovation with Integrity

The Global Market Structure team provides information and expertise to Deutsche Bank’s clients, local policy makers and infrastructure providers, helping them respond to and shape market structure and better understand local and global issues.
The team of experts is located in three main regions: EMEA, Asia Pacific and Americas.

What's new

April 11, 2016
2016 Q1 US Volume and Market Structure Analytics

March 20, 2016
Deutsche Bank APAC Market Structure Newsletter 2016-16 Special Edition

March 15, 2016
The first edition of an Annual Guide to Global Equity Exchanges

February 20, 2016
Spanish Market Reforms Overview

January 26, 2016
Year-End Special: U.S. Market Structure Key Topics in Brief

August 20, 2015
Deutsche Bank Analytics – Cost of Trading During Volatile Markets

To request a full copy please email

Global Market Structure

MiFIID II

The second Markets in Financial Instruments Directive (MiFID II), together with the Markets in Financial Instruments Regulation, will form one of the central pillars of the regulatory regime governing the manner in which investment firms offer products and services to investors as well as prescribing the rules, systems and controls surrounding the operation of trading venues and their use.

 

Key Points

Amongst other provisions, the law recasts and significantly extends the rules on:

  • Investor protection
  • Pre- and post-trade transparency
  • Trading facilities
  • Transaction reporting
  • Electronic trading
  • Arrangements for the payment for Research

Full details can be found on the ESMA website.

The new legal framework applies from 3 January 2017, by which time each Member State of the European Union must have transposed MiFID II into its national legislation.

As the MiFID II rule-making process continues, more information will be published to these pages.

 

Day 1 Checklist

MiFID II will require certain operational requirements to be in place from the first day that the legislation comes into force (3 January 2017) depending on the type of firm and / or activity. Below is a non-inclusive list of requirements that may need to be considered. This list will be added to as legislative requirements become finalised:

Legal Entity Identifier (LEI) requirements PDF

Contacts

global.marketstructure@db.com
Asia Pacific: +852 2203-5710
EMEA: +44 20 754-75552
Americas: +1 212 250-8144