ABOUT
MiFID II, RTS 1, RTS 2 and RTS 3 are concerned with Transparency. Notably, there is a requirement for trading venues to submit Transparency Calculation Data to facilitate this.
OUR SOLUTION
Oktris has developed a complete reporting solution where the only source data the investment firm needs to provide is typically the ISINs of those instruments traded on any given day, and associated volumes.
Firms providing MiFID II regulatory reporting tend to focus on Transaction and post trade reporting. There isn’t much of a focus on solutions for other mandatory reports like instrument reference data and transparency calculation data reporting.
DARRENCEO, Oktris Limited.Two of the six big firms in the reporting space offer a partial solution, requiring significant provision of data by financial firms. The others offer no solution.
DARRENCEO, Oktris Limited.Components
The FCA MDP on-boarding process, from application through to successful production use, can either be undertaken by the investment firm or supported by Oktris as necessary.
1
DATA
Daily trade data
2
DATABASE
Enrichment using the Oktris Database
3
PROCESS
Generates Transparency Calculation Data report
4
SUBMISSION
Submit to regulator and process the replies