MiFIR affects securities transactions (purchases and sales) which are processed by Zürcher Kantonalbank for its customers directly via a relevant trading venue. The large majority of transactions to foreign trading venues are sent by Zürcher Kantonalbank to trading venues abroad via a broker; in such cases, no information about the customer has to be reported. Zürcher Kantonalbank processes transactions to the following trading venues as a direct participant, i.e. without the use of a broker.
Currently, a duty to report applies to the following transactions:
- Standardised EUREX derivatives
- Eurobonds traded on Bloomberg MTF, MarketAxess Europe Limited MTF or Tradeweb Europe Limited MTF
- Exchange-traded funds traded at the NAV (instead of the exchange rate) on Tradeweb Europe Limited MTF
This affects both orders issued directly by the customer as well as orders executed as part of an asset management mandate.
Last updated: January 2018