Futures

Exchange traded futures usually present a low regulatory risk profile. However, if you deal with private customers, you need to consider the full impact of The Markets in Financial Instruments Directive (MIFID).

MIFID will change the way you do business. Just some of the changes include client classification, conflicts of interest, information disclosure, best execution and order-handling. And although these changes come into effect in April 2007, you must act now to prepare.

What's more, futures firms authorised as principals will be subject to the new capital adequacy requirements contained in the Capital Requirements Directive (CRD). To find out more about CRD, visit our Market Makers page.