Markets in Financial Instruments Directive (MiFID)
MiFID legal framework supports the emergence of a single, transparent financial market within the EU. Through our Valordata Feed (VDF) you can be assured that the comprehensive MiFID data offered mirrors the current regulatory requirements. Indeed, our regulatory and product experts are involved in MiFID working groups and actively participate in industry bodies such as ANNA (Association of National Numbering Agencies), FISD (Financial Information Services Division of the Software and Information Industry Association) and various ISO working groups.
On 30 April 2004 the European Parliament and Council of the European Union adopted the Markets in Financial Instruments Directive (MiFID). The directive was enacted into national law in the 30 member states of the European Economic Area (EEA) plus Liechtenstein, Iceland and Norway. Throughout Europe, MiFID affects many members of the financial community, i.e. financial advisers who handle client money, or trade with customers in other EU countries. MiFID does not directly affect non-EEA member countries like Switzerland and the United States. Nonetheless, both countries had to carefully analyze the possible implications for their financial institutions.
Our data offering
MiFID requirements in terms of reference data are fully met by SIX Financial Information. The relevant data is accessible through the company’s display applications and in our VDF product. Market data (pre- and post-trade data) is also available in MDF and in the Telekurs iD display product.
SIX Financial Information’s services include the following data relevant in terms of MiFID:
- MiFID complex / MiFID non-complex instruments
- MiFID reportable instruments
- Best Trading Venue
- Shares admitted to trading on regulated markets
- MiFID liquid share
- Classification of trading venues
- Regulated markets
- Multilateral Trading Facility operated by UBS Limited/Systematic Internalisers
- Product groups and market segments/trading times
- Competent Authority
- Specific MiFID data per country
For more details on MiFID and SIX Financial Information’s related offering, please download the factsheet below.
If you are interested in investment suitability and portfolio risk management, please also have a look at ImpaQt, a suitability tool that we have developed in cooperation with our partner SwissQuant.