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This article was written by Chris Dingley, MiFIR / EMIR Transaction Reporting Sales at Abide Financial.
Although the recent and upcoming rounds of reporting change have not been driven by the needs of the CFD brokerage sector, the information that is required to be reported could be of utmost interest to European regulators.
I think it is fair to say that there is no single retail CFD firm that can cause systematic risk as captured under EMIR reporting, however, we have however seen recently that the industry is vulnerable to events such as the SNB Bomb. The MiFIR reporting requirement must now be considered ... (read more)