TRACE MiFID II Reporting
Effective January 2018, MiFID II and MiFIR usher in complex technology management challenges for transaction reporting and transparency. Transaction reporting requires investment firms to report all transaction details to regulatory bodies within a T+1 timeframe. This is challenging for many firms due to the broad coverage of financial instruments, stringent data quality demands, critical personal data protection requirements, and complex reference data management.
Furthermore, pre-trade transparency reporting requires trading venues and systematic internalisers (SIs) to publish quotes and depth of trading interests. Post-trade transparency reporting requires trading venues, SIs and sometimes investment firms to publish details of executed transactions. These requirements add significant complexity to reporting processes because of the need for real-time submissions along with having to regularly determine SI status and reporting obligations.
How can TRACE Reporting help?
TRACE Reporting is an award-winning reporting solution that addresses regulatory reporting needs across multiple regimes. It provides a high degree of automation and unparalleled data quality.
This has a number of key benefits for your business: