The requirement to publish a Post-Trade Transparency report is a well-defined aspect of MiFIR.
The obligation to ensure the accuracy of the published trade data sits with the investment firm even where they have delegated the reporting to a third party. It is not sufficient to completely rely on a third party to monitor the accuracy of your data and the firm itself is expected to take proactive steps to ensure that it is meeting its obligations under MiFIR.
Qomply's Post-Trade solution instantly checks the accuracy and quality of post-trade reporting giving you Peace of Mind that your reporting obligations are being fulfilled.
Flags non-reportable transactions that appear in file
Flags reports sent after the deadline
Flags usage of waivers and deferrals
Flags trades that were initally rejected and not resubmitted
MiFID, EMIR, ASIC, SFTR, MAS, CFTC
Only solution trusted by regulatory consultants
Most comprehensive arsenal of accuracy checks in the industry
Mitigates risk, reduces reporting costs & ensures operational efficiency
Instantly & efficiently reconciles transactions sent from front-office to regulator vs those received by regulator
Two-way and three-way reconciliation
Over-reporting, under-reporting & timeliness identified in easy-to-use dashboard
Send transaction reports directly to regulator or ARM
Through one platform, users monitor status,resolve exceptions & reduce costly reporting fees
Streamlines reporting process & reduces costs
Many financial instruments have ISINs that should be used in transaction reporting instead of using the descriptive fields of an Instrument such as Instrument Classification Code and Instrument Full Name.
Use ISIN Quest to query ANNA DSB and FIRDs databases in order to retrieve the reportable ISIN for any given trade date.
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