17 January 2017
visit http://www.wolterskluwerfs.com

European exchanges and vendors develop post-trade standards

24 January 2012  |  6697 views  |  0 EU flag

A consortium of exchanges and technology suppliers have developed a set of common standards designed to restore post-trade transparency in the European equity markets.

Last year European exchange operators, through the Fese federation, and data providers, including Thomson Reuters, Bloomberg, Fidessa, Nyse Technologies and SIX Telekurs, agreed a framework for developing a consolidated tape of post-trade equity reporting data across Europe.

The project - dubbed Market Model Typology (MMT) - is designed to enable investors to accurately monitor events by standardising how these events are identified across a fragmented market for the first time since the introduction of MiFID.

The group has now made available the official MMT 1.0 mapping release, which members claim "provides a strategic bridge to implementing European equity post-trade standards in order to enhance market transparency".

MMT provides a translation between legacy trade reporting flags to a newly defined single market standard and is now being adopted by participating vendors on behalf of investors.

The project's next stage is already underway, with exchanges beginning to adopt MMT natively within their datafeeds allowing direct users to benefit and to relieve the data vendors from applying the translations on behalf of their users.

After that "perhaps the most significant remaining work" involves the over-the-counter market, with the definition and implementation of trade reporting requirements for OTC participants.

You can read the MMT mapping guide here

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Exchanges and vendors unite over consolidated tape

Exchanges and vendors unite over consolidated tape

07 April 2011  |  12025 views  |  2 comments
FPL calls for industry-led European consolidated tape

FPL calls for industry-led European consolidated tape

18 November 2010  |  10050 views  |  1 comments
CESR signals MiFID overhaul

CESR signals MiFID overhaul

29 July 2010  |  12612 views  |  0 comments
European exchanges fight rearguard action against consolidated tape

European exchanges fight rearguard action against consolidated tape

08 July 2010  |  9475 views  |  0 comments

Related company news

 

Related company information

Fidessa group

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.uk

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
15122 views comments | 51 tweets | 47 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
11835 views comments | 35 tweets | 28 linkedin
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
10220 views comments | 68 tweets | 79 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8891 views comments | 30 tweets | 42 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
8199 views comments | 37 tweets | 28 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job