MiFID Firms What's New 

ESMA has published its final Guidelines on systems and controls in an automated trading environment for trading platforms, investment firms and competent authorities

30 March 2012

ESMA has published its final Guidelines on systems and controls in an automated trading environment for trading platforms, investment firms and competent authorities. 

The purpose of these Guidelines is to ensure common, uniform and consistent application of MiFID and MAD as they apply to the systems and controls required of:

  • trading platforms and investment firms in an automated trading environment; and
  • trading platforms and investment firms in relation to the provision of DMA or SA.

Relevant market participants should be able to comply with these guidelines from 01 May 2012.