EU and UK traders mull SEFs as no-deal Brexit hedge

EU UK Split Fotolia 230x150
By Ross Lancaster
25 Apr 2019

Uncertainty around how MiFID II’s trading obligation will function after Brexit is leading UK and European derivatives trading houses to consider executing trades in other jurisdictions.

EU and UK regulators made a number of announcements in February that soothed derivatives market participants’ concerns over a no-deal Brexit. Chief among them was a memorandum of understanding recognising UK central counterparties and the UK central securities depository.

But issues regarding ...

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