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Trade reporting and the road to transparency  

February 6, 2014

Buy- and sell-side firms are busy developing processes and testing their systems and procedures to ensure they are compliant by the February 12, 2014 deadline.

However, even with the progress made to date, the industry is likely to undergo a period of trial and adjustment until the trade reporting function can meet the requirements of the new regulatory framework fully.

So let’s examine a number of components pending implementation and resolution.

Reconciliation and aggregation

Under Emir, trades will need to be reconciled on a daily basis between trade repositories using a unique transaction identifier (UTI), which will be recognised and adopted as the universal prerequisite for effective trade reporting and aggregation.

Read more: FOW

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