Entity and Reference Data

MiFID II - Reference Data

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  1. Overview
  2. Features & benefits
  3. How it works
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An overview of MiFID II - Reference Data

Aggregated MiFID II risk, liquidity, volume, additional pricing and referential content to support your analysis and reporting. We are the largest aggregator of financial data drawn from *MTFs, *OTFs and the *Regulated Markets, and the world’s largest provider of financial reference data.

Experts in normalizing such information, we use unique identifiers and apply an open message model to manage and integrate multiple data sources. We then distribute data via our DataScope Plus and DataScope Select.

**Information subject to Third-Party Providers' terms and conditions is not included in LSEG Data Access, unless included as part of a Capability in LSEG Data Access. Please refer to your account manager.

Key Facts 

  • Geographical coverage
    Global
  • History
    From 2018
  • Data format
    CSV
    Delimited
    GZIP
    User Interface
    XML
    Zip Archive
  • Delivery mechanism
    API
    Desktop
    Excel
    FTP
    SFTP
  • Data frequency
    Continuous

Features & Benefits

What you get with MiFID II - Reference Data

  • Reference Data - Compliant reference data is the cornerstone of transaction reporting under MiFID II. We have added more than 200 fields to support MiFID II compliance and continued to evolve our offering, including the addition of reference data fields in preparation for Brexit.
  • * Pre- and post-trade transparency - Our real-time network supports numerous Trade Reporting APAs introduced in Europe as a result of MiFID II including APAs focused on non-equity, and exchange-based APAs. This includes both the post-trade as well as the pre-trade Systematic Internaliser (SI) quotes.
  • * Trading Venues - Our real-time network launched MTFs and OTFs from Tradeweb, Bloomberg, TP ICAP and BGC Partners. Venues also support instant time-stamping, the ESMA and FCA post-trade regulatory flags and the FIX MMT trade flag regimes as well as a flag to indicate Double Volume Cap restrictions.
  • Best execution - By bringing market and client data together, we can provide MiFID II compliant best execution monitoring and reporting. Additional reports, including *RTS_27 and *RTS_28, can also be provided through an on-premise or managed service.
  • Research, permissioning, and unbundling - MiFID II forced companies to separate transaction fees from research charges, making the value of research more prominent. Tools which we offer, such as StarMine, allow you to peer-rank the research you consume, ensuring the qualitative aspects of the MiFIR are catered for.
  • * APA and publications services - The Tradeweb APA allows all asset classes to be published to support trade transparency rules under MiFID II. Both pre- and post-trade reporting requirements are supported.
  • Transaction reporting and record-keeping - Investment firms must report transactions in any MiFID II financial instruments to their local regulator or approved reporting mechanism (ARM) no later than the close of the following working day. We provide access to financial reference data and indicators to identify which instruments require MiFID II transaction reporting.
  • Brexit meant that the UK left the EU and therefore MiFID II Regulation dictated by ESMA. Until Brexit the Financial Conduct Authority (FCA) reported to ESMA and ESMA published the data, post Brexit the FCA publish their own data. We consume this data then manages and publishes to products such as DSS and DSP, we now support the FCA data (_FCA fields) in addition to the ESMA data (_ESMA fields).
  • * Items prefixed with * are not available via LSEG Data Access. Information subject to Third-Party Providers' terms and conditions is not included in LSEG Data Access, unless included as part of a Capability in LSEG Data Access. Please refer to your account manager.

RELEVANT USE CASES

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How it works

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