MIFID II solutions and services

APA and publication services

The Tradeweb APA allows all asset classes to be published to support trade transparency rules under MiFID II.

Trading venues

All LSEG real-time data feeds were amended to support the revised micro-second time-stamping brought into effect by MiFID II. In addition, LSEG supports the aggregation of all new MiFID II venues, to help with our clients' trading needs.

Best execution monitoring and reporting

Bringing market and client data together, VA8 provides MiFID II-compliant best execution monitoring and reporting.

Pre- and post-trade transparency

In order to take advantage of the transparency provided by MiFID II, sales desks and traders will need to have access to the broadest and most up-to-date real-time market data.

Reference data

Compliant reference data is the cornerstone of transaction reporting under MiFID II. LSEG added in excess of 200 additional fields to support MiFID II compliance ensuring our clients can report in a compliant manner.

Research, permissioning and unbundling

MiFID II forced companies to split out transaction fees from research charges, making the value of research more prominent. Tools such as StarMine allow our clients to pier-rank the research they consume, ensuring the qualitative aspects of MiFID are catered for.

Systematic Internaliser (SI) determination

We provide solutions to enable organizations to determine if they have breached MiFID II Systematic Internaliser (SI) thresholds. By leveraging the LSEG market data network, investment firms can be confident on whether they exceed these thresholds (and become an SI).

Transaction records & reporting

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.

Investor protection

Financial institutions must act in the best interest of their client, and it is therefore paramount for firms to have a deep understanding of who is distributing the financial products they manufacture.