Firms are likely to be given some time to get their reporting accuracy on track in early 2018.
TRADEcho’s APA will be available to clients of the Charles River Investment Solution ahead of MiFID I.
Panel of MiFID II reporting experts at The TRADE’S Future of Post-Trade event discussed challenges for buy-side firms ahead of the deadline.
An increasing number of tier one buy- and sell-side institutions have signed up to the trade reporting service ahead of MiFID II.
Multi-asset trade reporting tool includes smart report routing and central dashboard.
Steven Maijoor urges Commission to grant further sanctioning powers to ESMA and looks to increase fines by five times.
The MiFID II reporting regime will bring the buy-side out of the shadows and make them directly responsible for reporting. But what is the level of understanding of the rules? Joe Parsons reports.
Industry experts agreed the reporting requirements under MiFID II have brought about ‘unintended consequences’, and firms will not perfect reporting by the 2018 deadline.
ISDA estimates costs of €100 million for European end-users due to the current trade reporting framework.
Firms including BlackRock, Citadel and Amundi have demanded further clarity on the reporting of certain types of transactions.