Friday October 27 2017

News Source: Global Exchanges

Focus: MiFID (Global Exchanges)

Type: General




On the 27th October  2017, Borsa Italiana issued guidelines on its record keeping arrangements which will be implemented  following MIFID II.

The aim of the document is to provide:

(a) guidelines for Market Participants in order to populate the new mandatory fields in order/quote messages;

(b) guidelines for Market Participants in order to correctly provide mappings between: (i) “short codes” and qualifiers inserted in order/quote messages, and (ii) related ”long codes”, as required by CDR 2017/580;

(c) deadlines for the provision of ”long codes” to Borsa Italiana;

(d) dates of availability of the new version of the Member Portal, supporting the new MiFIR / MiFID II functionalities.

Importantly these guidelines help distinguish between when short/long codes should be used for reporting. The guidelines also give guidance on how firms should report the trading platform they are using.

These guidelines supplement Borsa’s deployment approach notice which was issued in July.

For additional information please click the link above