UPDATE: BME Eyes APA Status to Support OTC Transparency Data Services
The exchange will begin offering members the ability to report trades in OTC markets for compliance with MiFID 2.
BME Market Data will apply for authorization from the supervisory authorities to operate as an Approved Publication Arrangement (APA), a new designation introduced by MiFID 2 in the context of the new European post-trade transparency framework.
The idea, says Santiago Ximénez, BME Market Data director general, is to develop new services to help clients comply with the challenges presented under MiFID 2. "We feel that most of our current clients, and potentially new clients, will have to comply
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