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July 9, 2015

A strategic approach to trade reporting? What’s New?

There seems to be a growing consensus from Banks, Consultancies and Vendors that MiFID2 reporting will be very hard.  Importantly avoiding the mayhem associated with EMIR will require a much more strategic approach than either EMIR or Dodd Frank.

Bill: I noticed this via Ian Chester on LinkedIn, and shows how investment in the right infrastructure is one way to increase P and avoid L.


There seems to be a growing consensus from Banks, Consultancies and Vendors that MiFID2 reporting will be very hard.  Importantly avoiding the mayhem associated with EMIR will require a much more strategic approach than either EMIR or Dodd Frank. Hindsight is 20/20 of course, but encouraged by similarities with William Hague’s ‘I told you so’ comments re the Euro this week, I thought I would point out that Message Automation did indeed ‘tell you so’ regarding the best way to approach Trade Reporting compliance back when the regulatory tsunami began over two years ago. See PDF by clicking here.

Happily, some financial organisations did take note and Message Automation went on to successfully implement the vision in the attached paper for a number of banks and buy-side companies (including replacing in-house and other vendor systems.) Message Automation's clients are now sitting comfortably with a populated single data model ready for the MiFID2 reporting rules to be applied.   This ‘strategic reporting solution’ is now rapidly evolving to deliver ‘strategic post trade control solutions’. Watch this space for more details on the latter. 


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