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.

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What Post-Trade Transparency challenges are you facing?

For a conversation with one of our regulatory specialists, please get in touch.

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Further reading