What will MiFID II do with transaction reporting rules?

Anne PlestedIn the latest of my PMQs I look at Transaction Reporting, covered in Chapter 6 of the EC’s Public Consultation paper on the Review of MiFID.

Transaction reporting is usually a back office function. However, any change in this area could have an impact on the data that Fidessa needs to capture and store in the front office. Fidessa also has a hosted transaction reporting component in the TRAM product which may be impacted.

The overriding aim of MiFID II here is to provide better post-trade data with less duplicate reporting, which makes sense, but how can the EC achieve it?

Click here to read my summary of the likely changes in this area.

If you have your own interpretation, or any views you’d like to share, please leave a comment!

Coming soon on PMQs: Changes to Investor Protection and Provision of Investment Services – and how this will impact  the Buy-side.

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