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"A Practical Guide to MiFID II / MiFIR Transaction Reporting"

MiFID II / MiFIR Transaction Reporting: A Practical Guide

MiFID II / MiFIR Transaction Reporting: A Practical Guide

White Paper: Duco

One of the main criticisms of the original MiFID was that national regulators did not enforce the directive with the same zeal across Europe. The list of financial instruments covered has been extended to almost all instruments traded in European markets – with particular emphasis on the OTC derivatives market that was previously out of scope for MiFID I.

The issue with making this distinction across so many different instruments is one of the main reasons why the MiFID II and MiFIR implementation date has been delayed twice from its original start date of January 2015. While regulators have not specifically outlawed the use of spreadsheets and UDAs, it is commonly accepted that under MiFID II, organizations need a much more robust and scalable approach to data control.

What are the data problems that MiFIR transaction reporting requirements are likely to cause? What is the impact of the new regulations on firms? What is the cost of non-compliance?

Move ahead and read the following whitepaper that will address all your questions, including these:

  • How to identify traders or algorithms involved in the decision and execution process of a transaction?
  • Which general fields will require extra reconciliation steps?
  • What are the number of data fields required on transaction reports and the reporting requirements?
  • How to trade instruments on an approved venue?
  • Which legacy systems can be replaced and which ones are difficult to scale?

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