AMWatch

Nordea to adopt expanded systematic internaliser role from early 2018

Mifid II is almost a reality by now, and getting ready for it is everybody's challenge these days. Scandinavia's largest bank, Nordea, has decided to adopt an expanded Systematic Internaliser role, embracing more products than actually necessary many months in advance of the required deadline.

Photo: /ritzau/Jens Dresling

No more than two days after the calendar changes from 2017 to 2018, customers at Nordea will be able to trade several categories of assets and products and let Nordea worry about post trade reporting to the authorities.

Nordea has decided to become a Systematic Internaliser (SI) for FX, interest rate derivatives, and cash bond instruments traded on a trading venue from Jan. 3, 2018. If expanding the asset classes or products under the Systematic Internaliser umbrella becomes necessary at a later stage, Nordea will consider doing so.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Pensions sector responds to "unnuanced" carbon report

In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.

Further reading

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch