Financial markets & services

MiFID (1)

Origins of MiFID

MiFID, which stands for Markets in Financial Instruments Directive, entered into force on 1 November 2007.

Target 2 Securities, or T2S as it is often referred to, is a European Central Bank (ECB) project aiming to centralise the Settlement operation in the post trade value chain for nearly all securities on a single pan-European platform. T2S is scheduled to go live in 2013 and will dramatically reduce Settlement costs.