We will opt-in as a Systematic Internaliser from 03 January 2018 under MiFID II.
MiFID II and MiFIR will ensure fairer, safer and more efficient markets and create greater transparency for all participants.
From 03 January 2018 Standard Chartered Bank will voluntarily opt-in as a Systematic Internaliser (SI) for all the MiFID II instruments that it provides prices in, including:
- Foreign exchange derivatives
- Interest rate derivatives
- Credit derivatives
- Commodity derivatives
- Structured finance products
This designation will apply to Standard Chartered Bank, which includes its EU and non-EU branches.
Standard Chartered Bank is a committed liquidity provider and wants to ensure that trading is as straightforward as possible for its clients, fulfilling the post-trade transparency obligation when trading with EU investment firm clients.
During the voluntary opt-in period, any trades in MiFID instruments executed bilaterally with Standard Chartered Bank will be reported by the Bank via an Approved Publication Arrangement (APA).
The first mandatory SI determination is required 01 September 2018. If Standard Chartered Bank does not meet the SI thresholds at that time then the voluntary SI status may be subject to review.
If you have any questions relating to this announcement or any other aspects of MiFID II, please do not hesitate to contact your local Standard Chartered Bank representative.
For further information, please contact:
Senior Manager, Corporate Affairs,
+44 7789 397457