MiFID II - Overview of International Financial Markets (EN)

Financial markets play a central role in the global economy and continue to evolve in response to technological innovation, regulatory developments and changing investor expectations. Understanding how these markets operate, who the key participants are and how financial instruments are traded is essential for professionals working in the financial sector. This training provides the foundations needed to confidently navigate today's international financial markets within the MiFID II environment.

·  Explain the structure and functioning of international financial markets.

·  Differentiate between the main types of financial markets.

·  Identify the key financial instruments and their characteristics.

·  Recognise the roles and responsibilities of the main market participants.

·  Describe the activities performed within Front, Middle and Back Offices.

·  Understand the key principles and implications of the MiFID II framework.

·  Identify the major trends shaping today's financial markets.

Module 2 presents the financial markets structure, the key elements thereof along with the activities and the participants. It concludes on an outlook of future trends. More specifically, the content of module 2 provides an overview of:

• Financial Markets

  • Organised Markets – RM, MTF, OTF

  • OTC Markets – OTC, SI

  • Instrument Types

  • Geography

  • Activities – Primary vs. Secondary Market

• Financial Instruments

  • Debt Instruments

  • Equities

  • Investment Funds

  • Derivatives

• Activities in Financial Markets

  • Securities Front Office

  • Securities Middle Office

  • Securities Back Office

  • Payments

  • Investment Funds

  • Derivatives

• Players in Financial Markets

  • Manufacturers

  • Distributors

  • Banks

  • (I)CSDs

  • Regulators

• MiFID Update

  • MiFID Since its Inception

  • New ESG Framework

  • Relief Package

  • MiFID II/MiFIR Amendments

  • Digital Finance

  • After MiFID II, Comes MiFID III, Right?

• Future Issues

• Key Messages

• Bibliography and References

•  Appendices

The persons concerned by the Training Programme are all persons placed under the authority of a professional (or acting on his behalf) subject to prudential supervision by the CSSF, i.e. individuals providing investment advice (“Advisory profile”) or information (“Information profile”) on financial instruments, investment services or ancillary services to clients.

Experienced professional specialists selected on the basis of their in-depth knowledge of markets and financial products under MiFID rules I and II, and ESMA criteria.

English or French (course material: English only)

This module is part of the MiFID II Certification. For more details about this Certification, please click here.