The revised MiFID II and MiFIR regulations took effect on 28 March 2024, with a transposition deadline of 29 September 2025.
ESMA seeks input on order execution policies, their effectiveness, own account dealing, and client instructions.
ESMA
The European Securities and Markets Authority (ESMA) has
initiated a consultation regarding draft technical standards. These standards
aim to define how investment firms should establish and assess the
effectiveness of their order execution policies. The primary goal of these
proposed standards is to enhance investor protection by improving the order
execution practices of investment firms.
Order Execution Policy Standards
ESMA is seeking input from stakeholders on several key
areas. First, the establishment of an investment firm's order execution policy.
This involves classifying the financial instruments used for executing client
orders and selecting venues for the order execution policy.
Second, the investment firm's procedures for monitoring and
regularly assessing the effectiveness of their order execution arrangements and
policies. Third, the execution of client orders through the firm’s own account
dealing. Lastly, how an investment firm should deal with client instructions
during order execution.
ESMA and EC Coordination
The revised texts of the Markets in Financial Instruments
Directive II (MiFID II) and the Markets in Financial Instruments Regulation
(MiFIR) came into effect on 28 March 2024. The deadline for transposing the
MiFID II amendments is set for 29 September 2025.
The amendments include many Level 2 measures that will be
developed over the next six to eighteen months. Additionally, these regulatory
changes will necessitate updates to ESMA's IT systems and relevant MiFIR
registers.
Source: ESMA
ESMA is working with the European Commission (EC) to
evaluate which provisions require further guidance and clarification. The EC
has published a communication and an interpretative notice regarding the
transitional provisions, supplemented by an ESMA statement.
Feedback Deadline and Report
Throughout the implementation phase of the MiFID II/MiFIR
review, ESMA will consult the public on a series of technical standards. These
will be released in consolidated consultation paper packages. The timeline for
the adoption of Level 2 measures will depend on approval from the European
Commission, the European Parliament, and the Council of the EU. An
implementation period will also be provided where necessary.
ESMA will accept comments until 16 October 2024. Following
this period, ESMA will prepare a final report based on the feedback received,
which will then be submitted to the European Commission for the final draft of
the technical standards.
The European Securities and Markets Authority (ESMA) has
initiated a consultation regarding draft technical standards. These standards
aim to define how investment firms should establish and assess the
effectiveness of their order execution policies. The primary goal of these
proposed standards is to enhance investor protection by improving the order
execution practices of investment firms.
Order Execution Policy Standards
ESMA is seeking input from stakeholders on several key
areas. First, the establishment of an investment firm's order execution policy.
This involves classifying the financial instruments used for executing client
orders and selecting venues for the order execution policy.
Second, the investment firm's procedures for monitoring and
regularly assessing the effectiveness of their order execution arrangements and
policies. Third, the execution of client orders through the firm’s own account
dealing. Lastly, how an investment firm should deal with client instructions
during order execution.
ESMA and EC Coordination
The revised texts of the Markets in Financial Instruments
Directive II (MiFID II) and the Markets in Financial Instruments Regulation
(MiFIR) came into effect on 28 March 2024. The deadline for transposing the
MiFID II amendments is set for 29 September 2025.
The amendments include many Level 2 measures that will be
developed over the next six to eighteen months. Additionally, these regulatory
changes will necessitate updates to ESMA's IT systems and relevant MiFIR
registers.
Source: ESMA
ESMA is working with the European Commission (EC) to
evaluate which provisions require further guidance and clarification. The EC
has published a communication and an interpretative notice regarding the
transitional provisions, supplemented by an ESMA statement.
Feedback Deadline and Report
Throughout the implementation phase of the MiFID II/MiFIR
review, ESMA will consult the public on a series of technical standards. These
will be released in consolidated consultation paper packages. The timeline for
the adoption of Level 2 measures will depend on approval from the European
Commission, the European Parliament, and the Council of the EU. An
implementation period will also be provided where necessary.
ESMA will accept comments until 16 October 2024. Following
this period, ESMA will prepare a final report based on the feedback received,
which will then be submitted to the European Commission for the final draft of
the technical standards.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
IG Group Expects About £300 Million Revenue in Q1 2026
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
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At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
