Financial RegulationFX Best Execution PracticesFX Corporate TreasuryFX Transaction Cost AnalysisKnowledge HubWhy US firms Must Pay Close Attention Ahead of MiFID II Implementation

October 23, 2017by John Galanek

Article highlights from author and MiFID II Lead at Meritsoft, Daniel Carpenter.

“…CFTC Commissioner Sharon Bowen strongly endorsed U.S. adoption of MiFID II rules, American financial institutions are beginning to slowly realize that a paradigm shift is coming to the trading world in the way of investor protection. The days of ‘soft dollaring,’ the practice that allows for fund managers to pay executing brokers for research through trading fees, may very soon come to an end, though the practice has slowly been falling out of favor in recent years. The end of CSAs, or Commission Sharing Agreements is just one of the ways that increased transparency may come to the U.S. market with the implementation of MiFID II on January 3, 2018…

…To remain the world’s most attractive investment market, the U.S. must double its efforts to improve its data transparency and commit itself to acting in end clients’ best interests. The world is moving in the same direction, and the U.S. must comply, or risk falling behind.”

For the full article, please click on the link below:

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