Regulated firms trading in markets globally are bracing themselves for what’s been termed a ‘sea change’ in the regulators’ approach to transaction reporting. Kaizen’s Simon Appleton, Director, MiFID II Transaction Reporting, spoke to A-Team Insight about the scope and complexity of reporting.
“The key features of a transaction reporting solution can be divided between report generation, submission, and quality assurance, according to Appleton, who believes it is important to segregate quality assurance from the reporting process to ensure independence and optimisation of reporting quality through a universal, broad and deep testing approach.
“This three-way separation also ensures firms retain flexibility over their reporting and do not get too baked into a single solution.”
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