Financial RegulationFX Best Execution PracticesFX Transaction Cost AnalysisMiFID iiEC looks to GFXC on potential regulation of spot FX

December 8, 2020by admin0

Despite strong opposition from market participants, the European Commission is continuing to look into regulating spot FX, taking its cue from the work of the Global Foreign Exchange Committee (GFXC). Currently MiFID II does not include spot FX contracts, so any additional regulation of the asset class could have wider implications. Adding spot into MiFID II could bring FX under the same set of rules that currently apply in equities and fixed income, calling for FX TCA reporting and best execution requirements.

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