Tora And NEX Partner for Mifid II Reporting
Recent demand from clients is a key reason behind Tora's decision to integrate its systems with NEX.
Trading technology provider Tora has expanded its support for transaction and trade reporting under the revised Markets in Financial Instruments Directive (Mifid II) by integrating its trading system with NEX Regulatory Reporting.
Under Mifid II, asset managers are required to submit transaction reports under the European two-sided reporting model, in which both counterparties are required to file trade and transaction details with Approved Reporting Mechanisms (ARMs) and Approved Publication
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