ESMA sets out plan for Systematic Internaliser regime calculations and publications

  • 12/07/2018

The European Securities and Markets Authority (ESMA) has today published details of its action plan (within its updated Q&As on MiFID II and MiFIR transparency topics) for systematic internaliser (SI) regime calculations ahead of their publication on 1 August 2018. ESMA’s action plan focuses on equity, equity-like instruments and bonds while postponing the publication for derivatives and other instruments to 1 February 2019. 

FlexTrade Integrates The SmartStream Reference Data Utility for MiFID II Compliance

  • 10/07/2018

FlexTrade and The SmartStream Reference Data Utility (RDU) today announced the integration of the SmartStream RDU with the FlexTRADER EMS (execution management system). The integration offers mutual clients the ability to embed SmartStream RDU’s Systematic Internaliser (SI) Registry information directly into the send order ticket, providing much needed clarity on counterparty SI status, prior to key 2018 MiFID II milestone dates.

Nasdaq joins the Systematic Internaliser Registry Data Group

  • 13/06/2018

The SmartStream Reference Data Utility (RDU), today announced the joining of Nasdaq to the Systematic Internaliser (SI) Registry, which provides a hub for SIs to register financial instruments in a centralised database through their APA.

ESMA launches bond liquidity system under MiFID II

  • 02/05/2018

The European Securities and Markets Authority (ESMA) has published today its first liquidity assessment for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). 

The SmartStream RDU and leading APAs launch a centralised Systematic Internaliser Registry

  • 11/04/2018

The SmartStream Reference Data Utility (RDU) in collaboration with a group of Approved Publication Arrangements (APAs), including Bloomberg, Deutsche Boerse, NEX Regulatory Reporting, TRADEcho, Tradeweb and Trax today launch a detailed Systematic Internaliser (SI) Registry. The service enables SIs to register the financial instruments for which they are providing SI services in a centralised database through their APA.

SI regime on Market Participants

  • 05/04/2018

One of the aims of MiFID II is to bring more transparency to the European financial markets in order to ensure market integrity and best execution, and enable investors to make more informed investment decisions. The regulation strives to achieve this through the implementation of new policies, with a large focus on ensuring previously opaque markets are made more transparent. A core component of this is the extension of the Systematic Internaliser (SI) regime to non-equity, but how has this impacted market participants?

TRADEcho Nominated for Financial News Trading & Technology Awards 2018

  • 27/03/2018

We are pleased to announce that TRADEcho has been shortlisted for the Financial News Trading & Technology Awards 2018 in the Post-Trade Initiative of The Year category. This is testament to the hard work and commitment invested in TRADEcho, to bring transparency to the market and help firms meet their pre and post-trade reporting obligations in a cost effective and simplified way.