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Transaction trading and reporting under MiFID

Trading venues

At Refinitiv, we have the breadth of experience and existing infrastructure necessary to support the changing marketplace under MiFID II.

How is MiFID II changing the trading landscape?

The trading landscape is changing significantly under MiFID II. We saw the introduction of new trading venues, including MTFs (multilateral trading facilities), organized trading facilities, and the SI (systematic internaliser) regime – not to mention the regulated markets we have today.

With increasing regulatory and market conduct requirements for FX professionals, access to trusted solutions is more critical than ever to achieve and maintain success.

How we help

How can Refinitiv help?

Trade on FX compliant platforms

Under MiFID II, we operate FXall QuickTrade* (our independent electronic foreign exchange trading platform) as an MTF, along with Forwards Matching. As such, we are obligated to publically report all trades made on the MTF. We publish to the Tradeweb APA to meet this obligation.

Additionally, we are building out new solutions for post-trade and transaction reporting, and developing new risk controls (pre- and post-trade) to help our clients meet their algo trading requirements.

Straight-through processing

We upgraded our graphical user interfaces (GUI) and application programming interfaces (API) to accommodate new data fields, and provide new straight through processing (STP) feeds to provide new data fields to trade parties for their own reporting and record keeping requirements.

*FXall QuickTrade instrument coverage: forwards, swaps, NDFs, and options.