Markit Enterprise Data Management (EDM)MiFID II Transaction Reporting

IHS Markit supports the entire MiFID II transaction reporting lifecycle through a regulatory reporting managed service, which includes standardised processes for data control, exception management, audits and reporting. The service creates a central transaction hub of all required data points and supports reporting to regulators, client repositories and TCA and best execution providers. It includes all of the aggregation, matching, augmentation and data governance functionality needed to report the transaction, legal entity, personnel and reference data required under MiFID II.

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Key Benefits

  • Short time to market

    The managed service delivery model eliminates the need for lengthy development work, allowing firms to prepare for MiFID II in the quickest way possible. The service provides exception dashboards, workflows and standards for data maintenance. All that is required from firms is their source data and any business-specific workflow rules.

  • Reduced cost of delivery

    The managed service model enables firms to avoid many of the costs associated with on-site development or deployment, including managing infrastructure, integrating into standard applications and testing transaction reporting with ARMs.

  • Peer group expertise

    The MiFID II transaction reporting service has been developed in collaboration with customers, allowing firms to benefit from peer group expertise. Ongoing peer reviews facilitate continuous improvement of the service and support for future regulatory requirements.

  • Future-proof against changes

    The service provides a single, extensible hub for combining reference data, transaction data and personnel data. Updates and changes to the regulation, including additional data requirements and new interfaces, are managed as part of the service.

  • Transparency and control

    Dashboards and workflows have been designed to give business users complete visibility of the data lifecycle, from the original source to ultimate reconciliation with NCA/ARM records. If an issue is detected, users have the ability to correct it at source, ensuring full reporting obligations are met.


MiFID II reporting: The data management challenge

Firms face big decisions about how they will tackle the ambitious new transaction reporting requirements that are being introduced as part of MiFID II.

They must prepare to manage significant increases in data volumes, as reporting will be expanded to cover all asset classes and transaction reports will be extended to include many new fields. They must also consider how they will combine and maintain diverse data sets.

These topics and others are discussed during this webinar, which includes speakers from IHS Markit, Standard Chartered Bank and Barings Asset Management.