Mifid II is a chance for reinvention – FX Connect’s O’Malley

“We’ve had more interaction with our customers in the past six months than in any individual point in our 20-year history,” says FX Connect’s Emea head

regulation-and-compliance
Missing links: underlying principles in global regulations are there, but need to be tied together, says Mike O’Malley

Following approval from the UK Financial Conduct Authority for State Street-owned FX Connect and Currenex to operate as multilateral trading facilities (MTFs) under the second Markets in Financial Instruments Directive (Mifid II), the bank has high hopes for the two platforms.

Currenex and FX Connect will operate as MTFs from the start date of Mifid II on January 3, 2018, having been upgraded to be compliant. Under the incoming rules, institutions captured by the regime will only be able to

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