New OTC Data Feed for Compliant MiFID Transaction Reporting

London - 6 March 2012

FOW TRADEDATA today announced the availability, through its Xymbology service, of OTC Alternative Instrument Identification (Aii) symbology for prescribed European futures and options under the Markets in Financial Instruments Directive’s (MiFID) mandatory transaction reporting requirements.

This announcement follows the recent reminder by the FSA that as from March 31st 2012 firms must report transactions in flex derivative contracts conducted through Eurex OTC and BCLEAR using the respective Aii code issued for those contracts.

The addition of the new OTC file compliments the existing MiFID reporting suite of services, which currently covers transaction reporting of exchange traded derivatives on European Exchanges, using the recently enforced Aii and long standing ISIN symbols; allowing for accurate reporting of traded positions via ARMs or directly to the FSA.

More information is available upon request.

Mark Woolfenden, Managing Director at FOW TRADEDATA said: “FOW TRADEDATA has for many years provided mandatory transaction data for exchange listed futures and options to both regulatory and UK regulated parties. The OTC Aii and other related instrument attributes from FOW TRADEDATA offer a robust solution to all participants across the EU charged with delivering MiFID compliance for flex futures and options.”

Gregg Whitbread, Product Manager for Xymbology said: “Clients using the existing range of Xymbology products have already reduced costs through more efficient transaction processing and have gained tangible competitive advantage in the market place. The addition of the OTC Aii codes to the service provides Competent Authorities, Approved Reporting Mechanisms and trading firms with the symbology required for transaction reporting on flex Markets mandated under MiFID.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development