MIFID II

MiFID II, the revised Markets in Financial Instruments Directive scheduled for 3 January 2018, presents both challenges and opportunities to all financial market participants.

As a leading European operator of financial markets and a provider of trading technologies, BME has established a MiFID II programme to ensure our compliance with regulatory requirements and assist customers through the delivery of services in a number of initiatives.

MiFID II gives rise to a number of macro themes that will impose significant changes on overall market structure and transparency.

This section outlines the key themes and presents BME’s position and developments with respect to these themes.

BME will update this section as necessary:

• BME presentation on MiFID II / MiFIR. 17 February.
• FIX technical reference documents.
• Notice 42/17. New version 9.98 of MEFFSTATION in production

• MEFF & MiFID II
  • Key Points
  • MEFF Key Points
  • Quick Guides
  • MEFF Block Trades
  • MEFF Order Record Keeping
  • MEFF New Request for Quote Trading System (RFQ)
• Order Record Keeping
• Notice 09/17 - Order Record Keeping MiFID II
• Notice 25/17 - Order Record Keeping and new fields in the orders
• Notice 41/17 - ORK Test dates
• Notice 16/18 - Update of Order Record Keeping Handbook 
• Notice 20/03 - New ORK version 2.0  
• Orden Record Keeping Handbook 1.2  (order version)
• Order Record Keeping Handbook 2.0 (new version)
• Tool to create long codes for ORK
• Transaction Reporting
• Notice 08/17 - Transaction Reporting Service under MiFID II
• Notice 18/17 - BME Exchange Transaction Reporting Service
• Handbook TRS BME 2.1
• TRS Format Examples - 1
• TRS Format Examples - 2
• Tool to create long codes for STR
• SFTP Connectivity
• Public PGP key for test enviroment
• Public PGP key for production enviroment
•  New version test environment
• MIFID II Availability of APIs T5.0 and M5.0 in test (UAT) environment and activation of new functionalities
• Notice 31/17 - MiFID II Adaptation. HF MEFFGate FIX APIs, new specifications
• Conformance Testing
• Technology Services Note 1703
• HF MEFFGate. Simulation environment and MiFID II Conformance Testing Guide
• Notice 34/17 - MiFID II Conformance Test Process
• Annex I - Identification of the applications connected to MEFF
• Annex II CERTIFICATION OF ALGORITHM TESTING (to be sent by the Market Member to the Trading Center)
• MEFFPower
• Notice 35/17 - MiFID II various aspects affecting MEFFPower
• Notice 45/17 - Additional data for Energy Derivatives
• Annex
• Handbook Commodities Position Reporting 1.10