Esma Updates Derivatives Reporting Guidance
![Esma Esma](/sites/default/files/styles/landscape_750_463/public/import/IMG/964/226964/esma-building-580x358.jpg.webp?itok=V-wLPMij)
Specifically, Esma is providing an update for how it expects exchange-traded derivatives (ETD) to be reported under European Market Infrastructure Regulation (Emir) and Markets in Financial Instrument Directive (Mifid) mandates.
Emir will require all ETD transactions, regardless of whether they are on or off exchange, to be reported to a trade repository from February 12, 2014. As the conclusion of a contract counts as execution under Mifid, any entity completing an ETD transaction will be covered by the requirements, which will include central counterparty clearing houses (CCPs) clearing the trade, clearing members doing the same, investment firms executing on a venue as a member, and counterparties to contracts that encompass all other bodies. Certain exemptions exist, such as a bracket of non-financial firms.
Other areas covered by the update include segregation and portability questions related to CCPs, backloading as it relates to outstanding position reporting after Emir's entry into force, a table of fields for reporting to trade repositories, position-level reporting, collateral codes, and a host of technical information related to ETD reporting.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.
This Week: ICE Bonds and MarketAxess plan to connect liquidity networks, TS Imagine, Bloomberg, and more
A summary of the latest financial technology news.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.
CrowdStrike outage spurs rethink on ‘critical’ vendors
Some want US regulators to designate tech firms that pose risks to financial stability