OMGEO, a provider of post-execution trade management services, has updated its regulatory reporting service, Omgeo Transaction Report, to meet new MiFID requirements.
The service has been certified by the FSA as an Approved Reporting Mechanism (ARM) and will enable buy-side and sell-side clients to comply with the new transaction reporting regulations. MiFID requires transactions of all instruments admitted to trading on a regulated market to be reported to the local competent authority. The FSA has extended the UK regime to include commodity, interest rate and foreign exchange derivative contracts, with each transaction to be reported to the competent authority by no later than the close of business on the following day. Key trade de...
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