Warnings came at the FIA’s 9th International Derivatives Expo Wednesday
Data requirements under Mifid II should
not be underestimated, a panel of experts warned on Wednesday
before calling for more clarity on coding trades.
Data, historically a back office function,
is now a key part of firms’ compliance activities
under new European reporting requirements.
"There is a big reliance on the use of
ISINs [International Securities Identification Numbers] in the
Mifid II rules, so it is key that venues use a consistent
assignment method in the mechanics of creating the ISINs," said
Robin Trott, director, EMEA head of electronic trading at
Citigroup Global Markets.
The delay to Mifid II was initially
proposed due to the "exceptional" technological challenges that
firms – and regulators – would face to
ensure they could adhere to the new rules.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.