MiFID II Post-Trade Transparency Reporting

It’s not just transaction reporting under MiFID II that firms need to be compliant with – compliance with real-time trade reporting is expected by regulators too.

What is Post-Trade Transparency Reporting?

Articles 14–23 of MiFIR outline the transparency requirements and obligations for investment firms across asset classes as defined in Regulatory Technical Standards (RTS) 1 and 2. These include:

Near to real-time reporting to the market via FIX (Financial Information eXchange)
One minute for equity and equity-like products
15 minutes for non-equity products (reducing to five minutes by 2021)
Reports are sent to an Approved Publication Arrangement (APA) for publication to the market
Field requirements are limited to the trade financials (less than 15-20 fields)
Anonymised and aggregated reporting to avoid reverse engineering.

How we can help

Our ReportShield™ quality assurance services have been adapted to fit the requirements of RTS 1 and 2, providing you with the controls you need to demonstrate you are meeting your real-time reporting obligations.