All financial institutions are now required to report trades in investment products via an approved publication arrangement (APA).
To help regulators determine the order of events during periods of high market-volatility, there are greater regulatory requirements for clock accuracy and timestamp precision.
It is now essential to record who is responsible for price quotes, orders and transactions on your platform.
Whether displaying the mid-rate, or the cost of a transaction, we can help you to be transparent with your clients about the cost of their transactions.
To provide evidence of best execution practices, the venue that trades are executed on should be recorded, as should whether the trade was done on an agency or principal basis.
It is now a legal requirement that all clients who trade in investment products have a legal entity identifier (LEI). Customers without LEIs can continue to make payments and trade other non-speculative products.
MiFID's requirements for providing and recording a reference price apply as equally to manually-entered trades and they do to automatically-entered trades made as part of straight through processing.