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MiFID II SI service Full service for systematic internalisers

Key benefits

  • Deutsche Börse offers SIs a one-stop full service that complements our other MiFID II related regulatory services (APA and ARM)
  • The SI service covers pre-trade reporting, quality of order execution and post-trade reporting requirements

MiFID II introduces new requirements for systematic internalisers (SI) that deal on own account on an organised, frequent, systematic and substantial basis outside a trading venue, when executing client orders. In addition, the SI regime is extended to all asset classes.

Our service

  • SI identification (MiFID II Art. 4 and Delegated Act as of 25 April 2016)
  • Pre-trade reporting (MiFIR Art. 14)
  • Quote and trade matching (MiFIR Art. 15)
  • Reference data reporting (MiFIR Art. 27)

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