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Wiener Börse Taps Interactive Data To Support MiFID Offer

Interactive Data Corporation’s Pricing and Reference Data business is to supply reference data to Austrian securities exchange Wiener Börse to support its new MiFID OTC transaction reporting facility. Interactive Data’s MiFID related reference data identifies trade venues and their types by location codes, the most relevant market for an instrument, whether an instrument is within…

Swift Picks Avox for BIC1 Cleanup; First Step in Broader BIC/CIVIC Plan

Swift has signed a deal with Deutsche Boerse-owned counterparty data specialist Avox to help it with the process of cleansing its BIC1 code database of so-called ‘unconnected BICs’. The agreement appears to mark the first step in a broad Swift initiative to extend the coverage of its BIC directory and creating BIC-like codes to identify…

Swift AGM Approves New Regulators Category

Swift has received unanimous approval at its AGM for the addition of Financial Market Regulators as a new participant category on the network. Admitting regulators to Swift will make it easier for Swift members and users to meet regulatory transaction reporting obligations, while facilitating the development of global regulatory reporting solutions, Swift says. The approval…

NNAs Set to Begin Testing IBEI Files

At the end of June, work will kick off between National Numbering Agencies (NNAs) including Telekurs, the London Stock Exchange and WM Datenservice to test the interoperability of international business entity identifier (IBEI) files. Though work has not been completed on the ISO standard IBEI, some NNAs are issuing their “own” IBEIs, to meet the…

Interactive Data Leverages Pricing, Reference Data for MiFID Offer

Interactive Data Corp is leveraging the assets of its Pricing and Reference Data unit, as well as those of its Real-Time Services group, to offer a range of services aimed at helping clients meet their obligations under the EU’s Markets in Financial Instruments Directive (MiFID).  Interactive Data believes its real-time and reference data services units…

Swift Imposes Structure on MiFID Transaction Reporting Data

Swift is close to completing an ISO 20022 formatted transaction reporting message which it plans to pilot for three months on its network prior to launching a commercially available solution by the end of October in readiness for the November 1 Markets in Financial Services Directive (MiFID) implementation deadline. As an ISO standard, the message…

Worried About IBEI and MiFID? Don’t Be… By Georg Eisel, Managing Director, WM Datenservice

As markets coalesce across systems and nations, the financial industry is faced with a new challenge. Thanks to new information technology, products and services are more integrated than ever. EU legislation, such as Basel II, the Transparency Directive and MiFID, is on the increase. It is now incumbent upon the financial industry to come to…

Swift Gears Up for CIVICs, Nears Selection of Data Partners

As it evaluates third party database solutions and prepares to select a partner or partners to bolster its data gathering and validation capabilities, bank-owned messaging services provider Swift is making progress towards the creation of a directory of collective investment vehicle identification codes (CIVICs) based on the bank identifier code (BIC). However it is resolute…

Telekurs Specifies Reference Data Changes for MiFID Compliance

Telekurs Financial has released further details of the reference data it is adding to its Valordata Feed (VDF) to help its clients comply with MiFID. These details add flesh to the bones of the announcement the vendor made late last year of its plans to address the data requirements of MiFID (Reference Data Review, November…

Firms Shy From Cost of Migration To New Ref Data Codes for MiFID

The Committee of European Securities Regulators (CESR) has published the responses to its public consultation on the use of reference data standard codes in transaction reporting under MiFID. By press time however CESR had not published its final decisions on the codes to be used, so it is as yet unclear whether the responses will…