The aim is to provide a frictionless, interoperable solution for Securities Financing Transactions Regulation.
Securities Financing Transactions Regulation is expected in early 2020.
A new base for the EU derivatives reporting business is needed after Brexit.
ESMA's grace period to obtain LEIs will end next month.
Buyside firms need trading technology that can be easily integrated as regulations change.
The programme has expanded beyond MiFID II to other regulations including SFTR.
Investment firms must publish their top five venues/brokers.
The number of instruments in the Trax database has expanded to 15 million records.
Reports from systematic internalisers have not been transparent.