LMAX Launches FCA Broker LMAX Global, Separating MTF Due to MiFID II

[kreslik.news]

The LMAX Exchange Group has launched a new FCA-regulated brokerage unit called LMAX Global. The new entity complements the firm’s existing multi-lateral trading facility (MTF) LMAX Exchange.

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The move was prompted by the introduction of the MiFID II EU-wide regulatory framework that is taking place today (3rd of January 2017). After years of deliberations and delays, the second stage of the supranational regulatory framework over the financial markets which European authorities have been devising is controversially being deployed, despite worries expressed by many market participants.