Tradeweb Signs Deutsche Bank, JPMorgan, Goldman Sachs for Mifid II Reporting Service
Investment banks sign up for Approved Publication Arrangement (APA) service for post-trade reporting transparency.
![jp-morgan-canary-wharf jp-morgan-canary-wharf](/sites/default/files/styles/landscape_750_463/public/import/IMG/680/286680/jp-morgan-canary-wharf-2-580x358.jpg.webp?itok=9aXgYnZr)
The implementation of post-trade transparency rules under the Markets in Financial Instruments Regulation (Mifir) will require real-time public reporting of detailed information for the majority of trades, across a range of asset classes including fixed-income and derivatives. While transactions conducted on-venue will be reported by the venue itself, any trades executed over-the-counter (OTC) or off-venue must be reported by via an APA by the trade counterparty.
The Tradeweb APA will include data collection, monitoring, validation, exception processing and management information statistics, as well as determination of both standard and enhanced deferred publication arrangements. All relevant information will be made public electronically and via a website, satisfying both "machine readable" and "human readable" regulatory requirements.
"An effective reporting solution for Mifir needs to combine a deep understanding of the market, familiarity with real-time reporting and data enrichment processes together with a strong appreciation of the many nuances of client requirements," Sam O'Neill, head of trade reporting at JPMorgan, said in a statement. "We have selected Tradeweb because its approach will combine all of those elements through a flexible APA mechanism that makes use of existing connectivity via a cross-asset FIX API."
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
GenAI: US Fed reveals its five use cases
Internal sandbox used to assess viability and risks; coding and content generation on the agenda.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
The IMD Wrap: Déjà vu as exchange data industry weighs its options
Max highlights some of WatersTechnology’s recent reporting on data costs and capacity issues facing the options industry, and asks, haven’t we seen this before somewhere?
FRTB data quality issues persist amid shifting implementation dates
Banks are finding market and reference data challenges posed by the FRTB’s standardized model tricky, compounded by uncertainty over when the regulation will take effect.
Cboe pushes rule change to make way for proprietary Opra alternatives
As US options data has grown in volume and cost, Cboe says changing the public feed's governing document would make way for more competition from private alternatives, including its Cboe One Options Feed, launched in 2023.
Regulators urged to promote cyber security investment
Public interest in stopping cyber attacks that could trigger bank runs, says Bundesbank researcher