MIFID

MiFID II, the revised Markets in Financial Instruments Directive scheduled for 3 January 2018, presents both challenges and opportunities to all financial market participants.

As a leading European operator of financial markets and a provider of trading technologies, BME has established a MiFID II programme to ensure our compliance with regulatory requirements and assist customers through the delivery of services in a number of initiatives.

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 BME’s position and developments with respect to these themes.

BME will update this section as necessary:

MEFF Key Points

In accordance with the obligations set out in Article 13 of Regulation (EU) 600/2014 of the European Parliament and the Council, MEFF SOCIEDAD RECTORA DEL MERCADO DE PRODUCTOS DERIVADOS, S.A.U offers this free file download service.

These files can be directly download using the following syntax:

https://www.bolsasymercados.es/descargas/transparencia/sg/prefix_sg_aaaammdd_hhmm.csv (1 file every minute per each segment)

https://www.bolsasymercados.es/descargas/transparencia/sg/CONSOL_POST_sg_aaaammdd.csv (1 file at the end of the session per each segment)

where:

prefix: Fixed text that indicates type of information contained
- PRE = pretransparency (prices)
- POST = postransparency (trading)
sg: Segment code
- Derivatives: M3, M7, MD
aaaammdd: Session date
hhmm: Hour and minute when the file is generated (UTC). It contains information from 15 minutes earlier.

For example, the file https://www.bolsasymercados.es/descargas/transparencia/M3/POST_M3_20261110_1425.csv contains the trades executed in the M3 segment at 14:10h (UTC).

The file specifications are available here.

Following regulatory requirements of Article 7 of the Commission Delegated Regulation 2017/584 of 14.07.2016, which completes Directive 2014/65 / EU of the European Parliament and of the Council, regarding the technical norms of regulation that specify the organizational requirements of the trading centers MEFF requires Market Members to complete the Due diligence questionnaire on an annual basis.

Please send it to comercialmeff@grupobme.es