MiFID II introduces new transparency requirements for ETFs, certificates, bonds, structured finance products, emission allowances and derivatives. Before formulating a binding quotation on a financial instrument, you’ll need to identify whether the instrument is subject to reporting requirements, and, if so, with what immediacy.
We can assist with new security-level Reference Data fields that assess the liquid status of individual securities and their respective waivers for quotes and deferrals for trades. This includes thresholds applicable to firms as well as Systematic Internalisers (LIS - large in scale and SSTI - size specific to instrument).
So lets imagine that QTMM announces some news in CHINA. The above looks like an excellent way to ride the international wave. Access to said markets can be almost impossible sometimes so it might pay WELL to set up an account ahead of time, you know, just in case......Foundation.
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