Thomson Reuters goes live with key MiFID II services

Thomson Reuters announced that it has gone live with its key MiFID II services as a commitment to provide a comprehensive suite of solutions to assist the financial services industry as the regulation comes into force.


MiFID II compliant data is already available to clients from 57 global exchanges and eight new MiFID II trading and reporting venues, including Tradeweb’s Approved Publication Arrangement (APA) and MTS BondVision’s Multilateral Trading Facility (MTF).


The company has also updated instrument reference data capabilities that cover the required financial instruments, including the addition of 1.6 million new pre-fixed individual identifiers (ISINs) for over-the-counter (OTC) derivatives from the ANNA Derivatives Service Bureau (DSB), and 300,000 new financial instruments to add to the existing 900,000 existing instruments.


Debra Walton, Global Head of Customer Proposition at Thomson Reuters
Debra Walton, Global Head of Customer Proposition at Thomson Reuters

Debra Walton, Global Head of Customer Proposition at Thomson Reuters, said: “Implementing MiFID II has been a major test for the industry and we are happy to have played our part as a trusted partner to make it as easy as possible for firms to comply. The MiFID journey doesn’t end here and we will be working closely with our customers to help them meet the next phase of deadlines, such as best execution and the reporting requirements for Systematic Internalisers.


“As well as being a significant challenge, MiFID II means there is more data flowing through the global financial community than ever before, creating exciting opportunities for firms that can harness the data efficiently and discover profitable new insights.”


The new MiFID II market data is available through the Elektron Data Platform, which is designed to enable clients to get their data from a single trusted platform, with a choice of real time and non-real time content, reference data and analytics solutions, along with a range of delivery options.


Thomson Reuters has already launched a comprehensive suite of MiFID II solutions to help its clients navigate MiFID II compliance, including Velocity Analytics to support best execution compliance, transaction cost analysis and systematic trading. In addition, the company partnered with VisibleAlpha and enhanced Eikon to assist in compliance for research unbundling. An APA connectivity solution for trade reporting requirements and a legal entity identifier (LEI) profiling solution were also announced by the company ahead of January 3rd.