Under the new regulation, investment firms are required to publish all OTC trades. The APA designation will allow Nasdaq Nordic to report trades on behalf of European firms. Nasdaq Nordic has already been granted Approved Reporting Mechanism (ARM) status for transaction reporting.
“Having Approved Publication Arrangement moving forward is important for us and our clients as we look to meet the new Mifid requirements. We plan to implement APA across all Nordic exchanges in order to provide a one
Liquidnet's Adam Sussman joins to discuss the Members Exchange: Why do we need another trading venue, what are the tech challenges, who will be the CEO?Subscribe to Weekly Wrap emails