Interactive Data Corporation, a provider of financial market data, analytics and related services, has announced that its pricing and reference data business will supply a range of MiFID-specific reference data to Wiener Börse, the Austrian securities exchange, for its new MiFID OTC transaction reporting facility. The reference data comprises descriptive information about the shares admitted to trade across the 27 European Union member states, plus Iceland, Norway and Liechtenstein, states which have chosen to adopt the requirements of MiFID.
Roger Sargeant, managing director of Interactive Data (Europe), comments, "Our heavy involvement in MiFID from a research and planning perspective has helped us to better understand the needs of the industry and bring to market a comprehensive suite of enterprise-wide offerings that can help firms effectively meet their compliance obligations."
Interactive Data says it offers a range of reference data that identifies trade venues and their types by location codes, the most relevant market for an instrument, whether an instrument is within the scope of MiFID, the instrument type and whether it is complex or non-complex. The data is designed to identify the classification of a financial instrument code, the Unique or Unambiguous Instrument Identifier, a share's liquid status and its deferred publication delay potential. Interactive Data also says its real-time and reference data services can help customers with pre- and post-trade transparency, evidencing best execution, trade venue selection and reviews of order execution policy, code of conduct and client classification obligations, transaction reporting, and managing conflicts of interest and risk.