1. Corporate
  2. /
  3. FX and Treasury Services
  4. /
  5. Information before trading

Information before trading

Details you should be aware of before trading in financial instruments
Workspace

It is important that you receive and understand the following information:

  • MiFID II - The Markets in Financial Instruments Directive II (MiFID II) and Markets in Financial Instruments Regulation (MiFIR)  applies to all financial instruments in the EU.  

    MiFID II 

  • Legal Entity Identifier (LEI) - In order to carry out transactions in MiFID financial instruments, all companies and other legal entities must hold a global identification code, referred to as a Legal Entity Identifier (LEI). Individuals are required to provide a National Identifier - (NID).

    LEI 

  • Best execution - According to the requirements of MiFID II (Directive 2014/65 of the European Parliament and of the Council), investment firms shall publish, for each class of financial instruments, a statement of the five most used marketplaces, i.e. where execution has taken place (based on volume) and the five most used brokers to execute customer orders.   

    Best executionOpens in a new window 

  • Regulated currency transactions - All corporates dealing in FX forward contracts with EU banks now need to comply with EMIR and MIFID2 reporting obligations unless they can provide a representation that all FX transactions were entered into for the purposes of payment for goods or services.

    Regulated currency transactions
The information below applies to all financial instruments regardless of whom they are intended for.