MiFID 2 and your FX execution policy.

They unbridled joy of reading MiFID 2 in full should not be missed, but in case you’re a little busy with other things, here is the NCFX summary of the key points from MiFID 2 (and a few other pieces of regulatory legislation) as they related to Foreign Exchange: Mifid 2 Best Execution Standards

ESMA updates the PRIIPS rules

New Change FX (NCFX) welcomes the recent confirmation of the PRIIPS rules on FX transaction cost analysis (TCA).  Andy Woolmer, CEO of NCFX said: “This FX TCA clause provides a clear and firm basis on which to conduct FX TCA.  The rule clarifies that when measuring FX costs it is unacceptable to use a single source of data for that … Read More

FX TCA: The Regulators Speak.

Foreign Exchange and the Transaction Cost Analysis obligation. The world of Transaction Cost Analysis (TCA) has now been greatly simplified by the regulators, with a clear and simple definition that unequivocally applies across asset classes.  Byzantine processes that don’t offer transparency to the investor can no longer be defined as TCA.  TCA itself is now indispensable to another regulatory obligation: … Read More