NEX Optimisation Upgrades Harmony for Mifid II
Enhancements to Harmony will allow buy-side firms to coordinate with sell-side counterparties around reporting.
NEX Optimisation—the parent unit of Traiana—extended Harmony to allow for the exchange of data elements critical for compliance with the review of the Markets in Financial Instruments Directive (Mifid II), which enters into force on January 3, 2018. This includes key reference data such as instrument and entity identifiers, but also other information regarding venue execution and post-trade processes, all of which is important for transaction reporting under the new rules.
Basu Choudhury, head
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