Markit Trading ServicesMarkit Trade Reporting

Markit Trade Reporting has been sold to Cinnober.
There will be no loss of service for existing customers. For all enquiries please contact Cinnober on boat@cinnober.com or +46-85-030-4700 / +44-7956-590-095


Markit Trade Reporting is a MiFID-compliant trade reporting platform that enables MTFs and investment firms to meet their pre- and post-trade transparency obligations for off-exchange cash equity trades.

Customers

  • Sellside
  • |
  • MTFs

Statistics

  • 8k+stocks covered across Europe
  • 2k+ETFs covered

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Product Summary

Markit Trade Reporting offers a flexible commercial model that includes a trade reporting fee rebate and an additional royalty component.

Trade reporting customers share in the revenue generated from data licences, while retaining the flexibility to report an unlimited number of trades at a fixed annual fee. More than 50 leading investment firms and MTFs currently report trades to Markit Trade Reporting.

    Key Benefits

    • Regulatory compliance

      Enables firms to meet pre- and post-trade transparency obligations within specified MiFID timeframes

    • Resilience

      No single point of failure and full redundancy

    • Timeliness

      Trade reporting capabilities and publishing in milliseconds, with pre-trade quotes and post-trade reports thoroughly validated in real time

    • Extensive coverage

      Currency agnostic platform, allowing for trade reporting in multiple widely recognised and approved currencies

    • Industry standards

      Trade reporting via FIX Protocol, directly via OMS or manually over web-based platform

    • Historical Data

      Trade reports stored for minimum of five years

    • Dedicated support

      Assistance with trade reporting best practices, as well as continuous technical and compliance support

    • Distribution

      Trade data delivered via data feed, Markit Desktop or third-party data providers

    • Exception management

      Real-time front-end interface and weekly MIS reporting

    Broker Crossing Systems

    Our BCS service provides an independent, fully validated tool showing the volume of European cash equities executed in broker crossing systems within the existing MiFID framework. It provides the market with greater visibility into the total volume crossed within their systems by reporting brokers.

    Our BCS data is a subset of total volume reported across all publication venues as “OTC” and “SI”, and is presented in aggregate form on a T+1 basis at a country level. Markit adopts strict data validation rules to ensure high and consistent data quality.

      Systematic Internalisers

      In order to comply with MiFID transparency obligations, Markit Trade Reporting provides a quarterly report identifying all trades in instruments executed by reporting firms in their capacity as Systematic Internalisers.

      This report is made available within one month of the end of each calendar quarter and contains the information below, in Euros:

      - Highest price

      - Lowest price

      - Average price

      - Total number of shares traded

      - Total number of transactions

        Data Commentary