Legal experts have said that current DEA definitions under Mifid II are unclear
Deutsche Boerse-owned exchange Eurex has said its clients
will not be affected by Europe's Mifid II rules that govern
direct electronic access.
The European Commission plans to introduce in January 2018
Mifid II, a vast range of regulatory reforms including changes
to the rules that govern electronic trading.
But Eurex believes these will not impact its clients as
existing German rules already cover some of the Mifid
"The German exchange Act has tough requirements for order
routing, where the order router provider, the broker, is
responsible for the order, and the provider is required to
filter the order and provide checks. Because of this, the
sender of the order, the client, has no control over the last
fraction of the second the order reaches the exchange," said
Randolf Roth, member of the executive boards of Eurex Frankfurt
and Eurex Zurich.
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