Preparing for MiFID II Data Requirements

Markets in Financial Instruments Directive II (MiFID II) is a wide-ranging regulation that aims to add transparency to Europe’s financial services sector in order to ensure investor protection and integrity of markets.

The regulation extends the scope of MiFID, which focused on equities, to cover pre-trade, trade and post-trade activities across many asset classes. This significantly expands data requirements and presents challenges for firms that must manage more data points, include standard data codes in MiFID II frameworks, and ensure data quality, accuracy and timeliness.

This White Paper, sponsored by the SmartStream Reference Data Utility (RDU), discusses:

• Data requirements of MiFID II
• Approaches to data sourcing
• Best practice data management
• ESMA’s FIRDS initiative
• The SmartStream RDU solution