EEX Group responds to ESMA’s public consultation on MiFID II guidelines on transaction reporting, reference data, order record keeping and clock synchronization.

EEX Group responds to ESMA’s public consultation on MiFID II guidelines on transaction reporting, reference data, order record keeping and clock synchronization.

In its response, EEX Group expresses its concerns about the upcoming obligation for trading venues to obtain International Securities Identification Number (ISIN) codes at series level, as the costs and complexity added by such an obligation do not weigh up to its benefits. EEX Group further calls for a clarification about when the investment firm is impacted directly and when the Approved Reporting Mechanism is being impacted directly. Finally, EEX Group calls for a clarification with regard to the product group classification in the context of financial instruments reference data reporting.