MiFID II introduces a requirement for all investment firms to publish trades in financial instruments executed OTC, i.e. outside the rules of a trading venue. This requirement was initially introduced for shares in 2007 but will be extended to cover all asset classes with the introduction of MiFID II in January 2018 such as:
- All types of bonds incl. structured bonds
- Fixed income derivatives
- Equity derivatives
- Emission allowances
- FX derivatives
For each trade executed OTC, the investment firm is required to publish the price, volume and time of agreement along with various other data elements for the individual trade. This information has to be made public as close to real-time as possible.
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