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MiFID I transparency service Fulfilling OTC post-trade transparency requirements for equities

Key benefits

  • Fulfilment of OTC post-trade transparency requirements according to MiFID I with minimal expense
  • Quality assurance and publication of financial data in real-time
  • Worldwide dissemination of data to information providers
  • This service has official FCA status as Trade Data Monitor (TDM)

According to MiFID I, investment firms are required to publish their off-exchange purchases and sales of equities that are admitted to a regulated market in the European Economic Area. Deutsche Börse’s MiFID I OTC post-trade transparency service offers real-time quality assurance and publication of OTC transactions which are subject to reporting requirements. Reported trading information is disseminated worldwide via Deutsche Börse’s CEF data feeds.

Our service

  • Reporting via Xetra Trading GUI or own frontend connected to Xetra
  • Coverage of all MiFID relevant shares traded across the European Economic Area (EEA)
  • Data records transmitted to Deutsche Börse are compared with the current list of all instruments that are subject to a MiFID post-trade transparency obligation
  • Plausibility checks for price and volume ensure the quality of published trade reports
  • Conspicuous transactions are highlighted and sent back for checking
  • End-of-day compliance reports are created as proof that supervisory requirements have been met
  • Delayed publication of large transactions on a fully-automated basis and in accordance with MiFID I
  • The MiFID I transparency service will be migrated into our MiFID II OTC trade reporting service when appropriate

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Related products and services

MiFID II OTC trade reporting