Omgeo offers Mifid-compliant transaction reporting

Post-execution specialist Omgeo has updated its regulatory reporting service, Omgeo Transaction Report, to meet the requirements of Mifid. Key trade details are entered into the system and sent to the Omgeo host for validation. The client then receives an acknowledgement and the day's transactions are collated and sent to the appointed regulatory body. The service has been certified by the Financial Services Authority as an approved reporting mechanism and will enable both buy- and sell-side