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Ultra low Long-term interest rates: what this means

You’ve probably heard this word a few times in the news already, especially in lieu of the financial crisis and later the euro crisis. It probably also came up recently because it went below zero in your country as it did in mine not too long ago. I’m of course talking about long-term interest rate and their low (even negative) level.

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Trading Tool Showing Charts

Should I sell in May?

The adage ‘Sell in May and go away, but buyback by St Leger Day” or equivalent, is something that pops up every year in May. This is for the obvious reason that it’s about the month of May. I never really gave too much thought about what it really meant. I’d like to have a closer look and see if it can actually be beneficial to my return.

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President Donald J. Trump Signs The Section 232 Proclamations On Steel And Aluminum Imports. The Start Of A Trade War?

The good, the bad and the ugly of trade wars

I can already see you thinking “what the hell does a trade war have to do with personal finance?!” It’s because it impacts every one of us. This has become even more obvious for us retail investors with the biggest indices giving away recent gains. The Dow, for example, is down 5% from its recent top.
It gives us ample opportunities to buy but because of the recent drops and “scary” headlines, some might become sheep that follow the herd while it’s actually time to become a wolf and devour some stock.

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Brace Yourself, Tax Returns Are Coming

The Belgian tax return is coming

It’s that time of the year again. Time to fill in my tax return and either get some money back at the end of the ride or pay some additional taxes. It’s not open yet but I expect it to be in the coming days. Based on the info I could find online, it’ll most likely be 2 May.

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EU Directive: MIFID II - Markets In Financial Instruments Directive

MiFID (II): The EU Financial directive explained

Acronyms, who doesn’t love ’em? From the United States with agencies such as FBI, CSI, NCIS, FCC, etc. To Europe with ESMA, OPCW, or NATO. In turn, institutions and organizations like to use them too for their rules. It are these regulations that I’d like to clarify. Since there are quite a few that specifically impact investors/traders, I created this series.

“European Acronyms” is pretty straight-forward. In the coming weeks and months, I’ll be going over various terms that appear often in the news and media, and that also have an impact on us investors.
In this post, I’ll clarify MiFID (II) or Market in Financial Instruments Directive and Regulation (so not MiFID (II) Directive). I’ll answer the following questions:

  • What it is
  • Why it was created
  • Who it’s for
  • What impact it has on (retail) investors
EU directive: MIFID II - Markets in Financial Instruments Directive
EU directive: MIFID II - Markets in Financial Instruments Directive

Mi-what?

MiFID stands for Market in Financial Instruments Directive. It’s a set of rules that aims to increases transparency across the European Union’s financial market.

The first version of MiFID implemented new measures, such as pre- and post-trade transparency requirements, and created rules of conduct for the EU’s financial firms. the first version of MiFID primarily focused on Over The Counter (OTC) transactions.

You might think that MiFID was created after the 2008 financial crisis, but it actually came into effect prior to that. The EU did make changes in light of the crisis.

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