OTC MARKET NEWS Powered By Quantifi

Delegating reporting the way to go – The TRADE poll 

March 6, 2014
The Trade

Nearly 70% of respondents to theTRADEnews.com February poll believe buy-side firms should outsource derivatives trading obligations under the European market infrastructure regulation (EMIR).

The poll found 68% of respondents support delegating reporting, while 32% voted against.

Market participants, both buy- and sell-side firms, have been required to report derivatives trades to one of six trade repositories since 12 February.  Under EMIR, institutional investors always maintain the responsibility to report, but can outsource reporting to brokers or third parties.

Mark Husler, CEO of trade repository UnaVista, a London Stock Exchange company, said it was up to individual firms to set up their own business model, with no right or wrong answer on how to report.

Read more: The Trade

Comments are closed on this post.


Submit your email to receive our newsletter