BATS Bows MiFID 2 Order Data Reporting Process
BATS' solution will help firms comply with order data record-keeping requirements of MiFID 2.
The solution addresses MiFID 2's RTS 24 requirement by capturing short-form IDs on orders and supplementing them with a mapping file containing the underlying data, which can be provided at another time. This mapping file is stored securely until a regulator requires the complete order records.
Within MiFID 2, the RTS 24 requirement dictates that trading venues will have to capture, record and store vast amounts of data throughout the trading day. By launching the solution now, BATS is giving
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