Amsterdam, Brussels, Lisbon, London and Paris – 11 July 2016- Euronext announced it will enhance its Trade Publication and Transaction Reporting Services[1]to allow investment firms to meet the new regulatory requirements specified under MiFID II[2].
MiFID II comes into effect in January 2018 with the aim of improving the transparency of markets in financial instruments. Euronext’s Trade Publication and Transaction Reporting Services will be enhanced to meet the new obligations specified under MiFID II:
- Obligation to make public post-trade information for all asset classes, via an Approved Publication Arrangement (APA);
- Obligation to report transactions to the competent authorities, which will now apply to all financial instruments. This will be done via an Approved Reporting Mechanism (ARM).
Euronext’s existing Trade Publication and Transaction Reporting Services will be redeveloped and enhanced to deliver a powerful suite of MiFID II-compliant reporting tools to support customers. With these enhanced services, any investment firm trading MiFID II instruments Europe-wide (member or non-member of Euronext) will be able to benefit from a user-friendly and reliable entry system to report and publish transactions, with dissemination to all major EU regulators and across the European marketplace. As a neutral party, Euronext already applies the highest standards for data protection.
The services will cover the cash, commodity and derivatives markets and will be made available for testing in the course of 2017.