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MiFID


MiFID – the Markets in Financial Instruments Directive – came into effect on  1 November 2007, when it replaced the Investment Services Directive (ISD).  MiFID introduces new and more extensive requirements that firms have to adapt to, in particular for their conduct of business and internal organisation.

MiFID affects all market participants, from buy and sell side firms to vendors and exchanges.

The London Stock Exchange formally consulted and worked in partnership with the market since 2005 to support our MiFID product solutions.

Our focus remains on developing and delivering competitive services which reduce the overall cost of trading, as this is core to growing liquidity, a need which unites the whole market. Our existing initiatives are already delivering on this commitment and MiFID provides further impetus to realise greater market efficiency.

Please visit the FCA's website to find out more about MiFID legislation and implementation.

Download
Trading Places article, November 2007 - Positioning the Exchange for MiFID (pdffile pdf - 29 KB)
MiFID service and technical description (pdffile pdf - 1 MB)
Understanding MiFID (pdffile pdf - 1 MB)
MiFID in a pan-European market (pdffile pdf - 393 KB)
Pre-trade and execution services under MiFID (pdffile pdf - 1 MB)
Post-trade services under MiFID (pdffile pdf - 630 KB)
Proquote Best Execution Reports (pdffile pdf - 777 KB)
London Stock Exchange Execution Quality (pdffile pdf - 155 KB)

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