MiFID II

Destination MiFID II

 
Days
 
Hours
 
Minutes
 
Seconds
until MiFID II enters into force

 

Welcome to the Euronext MiFID II Readiness Checklist. To view your checklist, please complete the following questions:

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Your MiFID II Readiness Checklist - Trading Members

Thank you for your input. Based on your responses, we believe the following topics will be relevant to ensure your MiFID II readiness for Euronext Markets.

Please note: this overview may not be exhaustive or complete for your specific situation and may change from time to time. For further information in relation to the content provided or the Euronext MiFID II programme, please contact the dedicated MiFID II Support Desk at mifid2@euronext.com.

Your MiFID II Readiness Checklist - Service Provider

Thank you for your input. Based on your responses, we believe the following topics will be relevant to ensure your MiFID II readiness for Euronext Markets.

Please note: this overview may not be exhaustive or complete for your specific situation and may change from time to time. For further information in relation to the content provided or the Euronext MiFID II programme, please contact the dedicated MiFID II Support Desk at mifid2@euronext.com.

Please submit your email address and click "send checklist" to receive your results by mail

Please submit your email address and click "send checklist" to receive your results by mail

 
Market Structure
and Transparency

MiFID II gives rise to a number of macro themes that will impose significant changes on overall market structure and transparency. This section outlines the key themes and presents Euronext’s position and developments with respect to these themes. Euronext will update this section as necessary.

Trade publication and reporting mechanisms (APA/ARM)
Market data disaggregation and fees
Best execution
Commodities and Position Reporting
Market making
Stressed Market Conditions
Pre- and post-trade transparency
   Equities
   Non-equities
 
  

 
Third country
access

MiFID II will allow third country firms to provide investment services and perform investment activities (wholesale business activities) if the third country’s legal and supervisory arrangements are considered equivalent to the EU framework. This section outlines the key requirements and Euronext’s position.

Third country access 

 
Micro-Structure

MiFID II imposes a number of micro structural requirements on trading venues that will also impact participants. This section outlines the key requirements and presents Euronext’s position and developments with respect to these requirements. Euronext will update this section as necessary.

Legal entity identifier (LEI)
ISIN code
Clock synchronisation
Kill Switch
Direct Electronic Access (DEA)
Order to Trade Ratio
Tick Sizes
New order fields
Algo declaration and flagging
Conformance and algo testing
  

 
Timeline

MiFID II is set to come into effect on 3 January 2018. This section outlines Euronext’s key implementation milestones with regard to MiFID II.

Timeline 

MiFID II Resources
17 Nov 2017 MiFID II: availability of Market Making Schemes and online Market Making Registration Process
10 Nov 2017 Confirmation of Production Go-Live MiFID II changes for Cash Markets
03 Nov 2017 Release of MiFID II Migration Guidelines and supporting materials
02 Nov 2017 MIFID II: Mandatory Registration Form now available for SLC Manager, Commodity Position Reporting and Non-MiFID Member Reporting
27 Oct 2017 New trading platform access agreement and, algorithm and conformance testing policies
26 Oct 2017 MiFID II: Updated Euronext Market Making Agreement
12 Oct 2017 Euronext new tick size regime for MiFID II
29 Sep 2017 MiFID II – Release of final implementation schedule, documentation and onboarding procedures for SLC Manager, Non-MiFID member reporting and Commodity Position Reporting
25 Sep 2017 MIFID II: Final implementation schedule, technical documentation and implementation guidelines
19 Sep 2017 Order-to-trade ratio: calculation and monitoring by Euronext
18 Sep 2017 MIFID II Commodities Position Reporting
12 Sep 2017 EUA environment availability for MIFID II on Euronext derivatives markets and start of conformance testing
08 Sep 2017 MiFID II & Optiq: updated technical specifications for Optiq Market Data Gateway (MDG) and Order Entry Gateway (OEG)
06 Sep 2017 Implementing MiFID II Requirements on Euronext Cash Markets
11 Août 2017 MiFID II: Transaction reporting for non-MiFID Euronext members
25 Juil 2017 MIFID II for Euronext Derivatives Markets: V-EUA Upgrade and Conformance Test Details
19 Juil 2017 Optiq Phase 2 - Release of Technical Specifications for Optiq TCS Order Entry - SBE Interface
10 Juil 2017 MiFID II: opening of test platform and release of specifications for short and long code management
05 Juil 2017 Optiq and Mifid II - Important programme updates
30 Juin 2017 Updates on reporting obligations and on Euronext’s APA/ARM services
MiFID II - Tick Sizes
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Saturn Web Services Specifications
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Fees and Charges
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Euronext Short Long Code Management Application
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ISIN Codes for derivatives
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Available instruments for tests on Saturn Application
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Harmonised rules
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Conformance test and algo declaration policy
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Contact

For additional information on Euronext's MiFID II programme, please contact mifid2@euronext.com

FAQ

Looking for answers? Browse through some of the most frequently asked questions relating to MiFID II.

Useful links