MiFID II Pushes OTC Derivative Trading to Unregulated Cloud
By Thomas Helm
March 3, 2021, Practice Insight from IFLR
Market participants and regulators have become increasingly concerned with the way MiFID II facilitates the unregulated trading of over-the-counter (OTC) derivatives on the internet via software tools.
In fact, the subject is causing so much friction that the European Commission recently stated that it would make this a priority area in the upcoming MiFID II review.