MiFID II and MiFIR transparency obligations require access to significant quantities of reference data for each financial product that is traded in Europe. SmartStream’s reference data provides all of the reference data that you need for pre-trade price transparency, post-trade reporting and transaction reporting in a simple to use form either as a file or through a set of APIs. The RDU will determine ToTV, interact with ANNA DSB, reconcile ESMA, ANNA and CFI classifications and return all of the reference data that you need.
SmartStream’s reference data solution for is the most complete record of Systematic Internaliser (SI) services, essential to determine the MIFID II status of any chosen counterparty. This unique data set is sourced from the SIs themselves in collaboration with the Approved Publication Arrangements (APA) community and offers a listing of the financial instruments and asset classes for which the SIs are providing SI services.
MiFID II and MiFIR extend current regulations, with greater controls and governance across all instrument types traded on behalf of clients, as investment intermediaries, and the organised trading of financial instruments. The new, wider set of mandatory data to be validated and reported is just one of the more testing regulations impacting Central Counterparties, trading venues and clearing members that SmartStream’s reconciliations solutions can resolve.