Trading ServicesRTS 28 Reporting Solution

IHS Markit has launched a complete compliance and analytics solution to address the complex trade requirements of RTS 28 under MiFID II.

Customers

  • Asset managers
  • |
  • Broker dealers
  • |
  • Hedge funds
  • |
  • Banks

Statistics

  • 7,000 investment firms affected
  • 22asset classes covered

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Product Summary

Our solution makes the calculation, formatting and reporting of RTS 28 efficient, simplifying the entire process through a web based interface and a hosted public site for disclosures.

MiFID II mandates that investment firms, as part of their best execution obligations, report their top five venues for all trading on behalf of clients. Commencing April 2018, firms are required to make an annual public disclosure detailing these order routing practices for retail and professional clients across all asset classes.

Investment firms can additionally access an enhanced analytics package for RTS 28 providing filtering and summarization of order routing data beyond the minimum regulatory requirement including date range, venue type, instrument category and client type. Detailed analytics are available on demand and through regular scheduled reports.

    Key Benefits

    • Regulatory workflow

      Automate the complex categorization of daily trade data to deliver accurate routing statistics for both RTS 28 reporting and enhanced analytics.

    • Transparency

      Public reporting made easier through our comprehensive platform supporting review and annotation prior to publication via our hosted website.

    • Verifiable

      Our solution maintains a complete audit trail of inbound file processing and client activity that can be annotated with comments.

    • Enhanced analytics

      Advanced analysis is available on RTS 28 order routing data providing custom analytics, user defined reports and dashboards.