Market participants start testing Mifid II systems

But they do not feel fully ready for the sweeping changes taking effect on January 3

finish-line
Finishing line: currency market participants have about eight weeks left to comply with Mifid II

Market participants are beginning to test their systems for compliance with the second Markets in Financial Instruments Directive (Mifid II) as the January 3 deadline fast approaches, but some believe they are only two-thirds of the way into their preparations for the sweeping European regulation as it relates to their currency business.

During a webinar hosted by FX Week on November 7, Rainer Bunz, head of foreign exchange and banknotes at Raiffeisen Bank International, said the priority over

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