columbus OH/USA
Experience: Advanced
Platform: TOS
Broker: TOS
Trading: ES TF NQ, CL NG
Posts: 187 since Mar 2013
Thanks Given: 256
Thanks Received: 248
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I'm wondering if anyone trading derivative in Europe is aware of the new European Market Infrastructure Regulation (EMIR)
and have information on this new reporting?
In a nutshell, EMIR ( European Market Infrastructure Regulation (EMIR) | Esma)
was designed to track OTC derivatives, however there is a DAILY reporting requirement that seems to apply
to all traded derivatives (OTC and exchanges ones)...
See:
European market infrastructure regulation (emir) - Quick Overview - slide 11, and
Reporting obligation under EMIR
EMIR Trade Reporting Service - [AUTOLINK]NASDAQ[/AUTOLINK] OMX
Who will be affected?
All counterparties to all derivative transactions
Includes financial and non-financial counterparties
Under EMIR, a counterparty outside the EU does not have to report to a Trade Repository
How will Trade Reporting affect you?
Covers all derivatives contracts
Equity, interest rate, currency, commodity and credit
Includes OTC (including those that are not centrally cleared) and exchange traded derivatives
Differs from Dodd Frank by including exchange traded derivatives
No exemptions for “non-EEA derivatives”
Trading venue and underlying assets are irrelevant
No threshold below which derivatives contracts are not reportable
Adding a pdf that explain the whole deal.... If anyone is working on this reporting thing, please share experience and tips!!!
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