Wide-ranging MiFID-specific reference data supplied to the Wiener Börse for OTC post-trade price reporting facility
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business will supply a wide range of MiFID-specific reference data to Wiener Börse AG, the Austrian securities exchange, for its new MiFID OTC transaction reporting facility (TTR®). The reference data comprises descriptive information about the shares admitted to trade across the 27 European Union (EU) member states, plus Iceland, Norway and Liechtenstein (European Economic Area states), which have chosen to adopt the requirements of MiFID.
Interactive Data offers a huge raft of high-quality reference data that identifies trade venues and their types by location codes, the most relevant market for an instrument, whether an instrument is within the scope of MiFID, the instrument type and whether it is complex or non-complex. The reference data identifies the classification of a financial instrument code (CFI), the Unique or Unambiguous Instrument Identifier (UII), a share's liquid status and its deferred publication delay potential.
Ludwig Niessen of Wiener Börse, said: "We selected Interactive Data because of the high quality of its reference data, together with the breadth and depth of its coverage, and the flexibility of delivery. We have successfully worked with the Managed Solutions business of Interactive Data on the development and implementation of our web-based real-time price information system ('Wiener Börse Live') and are pleased to widen our relationship through the addition of this new content."
Roger Sargeant, managing director of Interactive Data (Europe) Ltd, added: "We are delighted to supply the Wiener Börse with this reference data, which is an important component of our range of MiFID-related services. Our heavy involvement in MiFID from a research and planning perspective has helped us to better understand the needs of the industry and bring to market a comprehensive suite of enterprise-wide offerings that can help firms effectively meet their compliance obligations."
By leveraging the expertise, capabilities and offerings across its businesses, Interactive Data now offers a broad, cohesive range of data and services to help customers comply with the obligations that will be imposed by the Markets in Financial Instruments Directive (MiFID). Interactive Data's real-time and reference data services – including new bespoke services – can help customers with the requirements of pre- and post-trade transparency, evidencing best execution, trade venue selection and reviews of order execution policy, code of conduct and client classification obligations, transaction reporting, managing conflicts of interest and managing risk.