A supplementary Q&A from ESMA sets out further challenges for firms to implement trade reporting.

A supplementary Q&A from ESMA sets out further challenges for firms to implement trade reporting. This supplement covers questions such as:

• What practical steps should a firm reporting to a trade repository take to demonstrate a commitment to resolving breaks between the submissions to two TRs ?
• In what format are TRs expected to disclose the reported data publicly ?
• Given the absence of a single taxonomy covering OTC and Exchange Traded Product, how is ESMA going to bring those two markets together ?
• Since the approval of NASDAQ OMX on March 18th the market would like clarification on how to price OTC products until the clearing mandate becomes effective

Thanks to Tom for spotting this, the PDF is attached below.

Bill.