Trade and transaction reporting - MiFID II
8.1 The MiFID II framework has two reporting regimes: one for trades and one for transactions. Trade reporting requires trading venues and investment firms to publish basic information (for example about volume and price) within one minute of an equity transaction, and within 5 minutes of the execution of a non-equity transaction. Investment firms submit their trade reporting data to an Approved Publication Arrangement (APA), which makes the information public. The data that is collected from this reporting helps to aid price formation and best execution, and promotes the efficient functioning of UK markets.
8.2 Transaction reports are more detailed and include information about the instrument, the buyer and seller. They are required to be reported to the FCA no than the following working day after a transaction is executed. Transaction reports are not made public and are primarily used to detect and mitigate market abuse.
8.3 Feedback from in
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