MiFID – Post-trade Transparency Obligation

When implementing the Markets in Financial Instruments Directive (MiFID), regulated markets, multilateral trading facilities, systematic internalizers and OTC trading are required to, among other things, introduce comprehensive systems to ensure Post-trade Transparency.

Post-trade Transparency is required in both on-exchange and off-exchange trading. The requirements apply to shares that are admitted to trading on a regulated market within the EEA. Relevant transaction data (including prices, volumes, trading date and time) must be published in real time where possible, at the latest after three minutes. Each transaction must be made transparent separately and only once.

Deutsche Börse Services – helping you fulfil the Transparency obligations

We can offer different services to banks and investment firms to enable them to meet these requirements. Quality assurance as well as real-time publication is provided by Deutsche Börse. Worldwide dissemination to providers by publishing data via the Deutsche Börse CEF® data feeds. The price model for the Deutsche Börse MiFID-Service is attractive for both banks and institutions with small or high OTC volumes.