The capability to send reference data to the regulators is a requirement under MiFID II. Two of the six firms in the reporting space offer a partial solution requiring significant provision of data by financial firms.DARRENCEO, Oktris Limited.
The Oktris solution requires the provision of one single data field in the case of an existing instrument, and no on-boarding for other products is required!DARRENCEO, Oktris Limited.
Daily trade data
Enrichment using the Oktris Database
Generates Instrument Reference Data report
Submit to regulator and process the replies