The SmartStream RDU Steams Ahead with a Fully Integrated Reference Data Service for MiFID II

(BUSINESS CABLE/ ME NewsWire) - The SmartStream Referral Data Utility (RDU), established by Goldman Sachs, JPMorgan Chase, Morgan Stanley and SmartStream, today revealed a new Markets in Financial Instruments Directive II (MiFID II) recommendation information solution, allowing economic organisations to much more conveniently meet governing needs, which go reside in January 2018. The SmartStream RDU MiFID II solution is currently in testing with customers.

The RDU supplies a completely integrated reference data readied to support pre-trade price openness, post-trade coverage and deal coverage, sourcing data from ESMA, ANNA, GLEIF, the National Competent Authorities and trading places, as well as enrichment feeds, where suitable. The result is a simple to make use of, enriched source that allows customers to focus on ensuring that their trading processes adhere to the new regulations. In addition to an aggregated information feed, the service includes an API that permits customers to incorporate with the ANNA Derivatives Solution Bureau for ISIN appearance-up and production, and figure out if an OTC tool has an equivalent that is Traded on a Trading Venue (ToTV).

Peter Moss, Chief Executive Officer, The SmartStream Referral Information Energy, states: "In workshops with over 40 Systematic Internalisers and other industry individuals, we have actually observed a broad variation in MiFID readiness. Our goal is to shield customers from what is a really fluid MiFID atmosphere, accelerate their application program and shield their critical course from gaps in schedule of key information collections and governing analysis. We are already in screening with clients, aiding prepare them for the industry tests that will occur in the summer".