The only effective record of Systematic Internaliser (SI) services, essential to determine the current MIFID II status of a trading counterparty
A critical foundation for sustainable MiFID II compliance
The SI Registry offers a comprehensive and granular record of Systematic Internaliser status for each financial product and product group that the SI trades:
- APAs and trading counterparties can reliably determine who should trade report and avoid regulatory risk from over or under reporting
- Counterparties can reliably populate transaction reports with the Buyer Identification Code and Venue
- Systematic Internalisers can advertise their SI services
- Buy-side firms can select brokers based on their SI status
- Buy-side firms can avoid regulatory risk by ensuring that their selected brokers offer SI services for the financial products that they trade
- SI status also indicates that a broker can offer liquidity and best execution for OTC trades
- SI Status and ToTV eligibility are essential components of a MIFID II control framework.
