RIC Codes and How They Affect Best Execution
A Refinitiv Identification Code, or RIC, is a ticker-like code used by Refinitiv (formally Reuters / ThomsonReuters) to identify financial instruments and indices. The codes are used for looking up information on various Refinitiv financial information networks, such as Refinitiv Real Time.
Why Does EMIR Have Position Level Reporting If It’s Not Mandatory?
The option of position level reporting gives counterparties the opportunity to align their reports with their back-office setup. This enhances both efficiency and incorporates the same data which is used in other business processes.
Unpaired EMIR Reports – The Need to Share a UTI
With EMIR Refit around the corner, regulators are increasingly turning their attention to the accuracy of transaction reporting by firms in their purview. We have recently seen CySEC making enquiries to investment firms about pairing and matching discrepancies that have been identified in their EMIR reports.
MAS Transaction Reporting Rules Rewrite 2024 – Key Points So Your Firm Is Prepared
MAS have released their updated guidelines for regulatory reporting and outlined the final rules that will come into effect towards the end of October 2024.
Launch of EMIR Refit UAT on LSEG Post Trade
TRAction has begun testing EU EMIR Refit submissions in the UAT environment, following its launch by LSEG Post Trade.
ESMA Q&A Update – MiFIR Market Structure
Topic MiFID II and MiFIR Market Structure Date: 13 October 2023 Regulations RTS 15 – Commission Delegated Regulation (EU) 2017/572 Level of significance of change Minor Main points Section 6, Question 8 Trading venues are expected to implement the same fees schedule and rebate policy for all Central Clearing Counterparties (CCPs) accessing the trading venue. […]
MetaTrader 4 Partial Close and Close-by – How To Handle These Actions in Regulatory Reporting
MetaTrader 4 (MT4) has a feature that allows the trader to close a portion of an open position. This gives the trader flexibility when it comes to locking in profits or trimming losses by closing a fraction of the total, keeping the remainder active in the market.
Payment for Order Flow (PFOF)
PFOF is a form of compensation that a brokerage firm receives for directing orders for trade execution to a particular market maker or exchange. Wholesale market makers have leveraged the almost exclusive use of electronic trading by retail investors to pay brokerages for the right to execute orders coming from their clients.
ESMA Update – EMIR Refit Reporting Validation Rules
ESMA has published an updated version of the ‘Validation rules, reconciliation tolerances and template for notification of errors and omissions in reporting’ document for reporting under EMIR Refit.
MIFIR Field: Order Transmission Indicator
Find out how to report the Order Transmission Indicator MiFIR field in this weeks Trade Reporting Field of the Week with TRAction.
