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Will MIFID II Drive Business Away from Europe?

Markets in Financial Instruments Directive, or MiFID II, have been a work in progress for a while now; companies are spending millions upon millions of pounds to make sure they are ready to facilitate the upcoming reporting changes. Full transparency is the goal and a very welcome one for most, but these increased burdens are set to affect a number of areas outside of firms too. Introducing Brokers (IB’s) are one group that could be highly concerned based on the following.

IB’s have thrived by having a wide range of brokers and products to choose from in the UK and Europe while boasting some of the most highly regarded trading platforms and efficient trading executions in the world. Therefore it is not a surprise that those looking to introduce business to these firms expect the highest standards for their clients. Unfortunately, these standards are set to be tested with a heavier workload demanded by MIFID II’s intense reporting requirements, and this could decrease the efficiency of current settlement and operation teams. Regulators may also require IB’s to prove their “added value” in order to retain their commission splits and there is a host of knock-on effects that remain to be seen here.

This is concerning news for some IB’s who may be forced to review their current offerings and potentially set up new partnerships with those providers that will not be affected by the introduction of MiFID II.

At this point, Tradeview becomes an even more viable option as it strengthens its foothold in the UK and Europe.

Tradeview, which is regulated outside of Europe, is able to offer the same products accompanied by world-leading efficiencies without the uncertainty that MIFID II may create. IB’s will not lose revenue on the removal of current deals for managed accounts and they will still be able to receive commission splits rather than be forced to take merely an introducer fee for their trouble. One article, posted last month, was even quoted as saying that in the UK and Europe, “the IB revenue model in 2018 post-MIFID is over”.

Interested in becoming an IB? Or if you are an IB whose business may be affected by the imminent introduction of MIFID II then feel free to contact me directly at For more information on how to be an IB with Tradeview take a look at our website at


Adam Saward

Head of UK

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Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.