With the release of ESMA‘s MiFID II Discussion Paper on 22 May, we received confirmation that transaction reporting is set to get 300% bigger. The discussion paper outlines 93 fields to be included in reporting, with the addition of algo, trader and client IDs. For many in the industry, transaction reporting is one of the areas of most pressing concern as they attempt to determine how to implement the vast number of new MiFID requirements.
The below video is a presentation given by David Nowell, Head of Industry Relations and Regulatory Compliance, UnaVista/LSEG, at Infoline’s Derivatives Regulatory Reporting Conference last month. This helps to explain who reports, what, when and how, as well as touching on data standards and MiFIR/EMIR reporting alignment.