REMIT Reporting Services and Solutions - July 2015 updated March 2016
5.3 OMP reporting – how should it work and what are the issues?
The theory behind OMP reporting is that to meet the reporting requirements of on venue activity, market
participants would need to carry out very little work. Each OMP is to register as an RRM, or select a preferred one,
(not a “full” RRM) and each of their members needs to sign an agreement with them. Once signed, the market
participant can focus on the second reporting date and not worry about the first.
Reality however is quite different, due to three issues:
1) Unknown data
2) Post trade events
3) Reconciliation
Copyright 2016 – ETR Advisory Ltd and Commodity Technology Advisory LLC
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