Research European Commodity Market Regulations - Part 1 | Page 32

European Energy Market Regulations V3.1

Reporting Services
NASDAQ OMV
NASDAQ OMX already provides a service for Nordic Market Participants for MiFID trade
reporting (TRS) to local Financial Supervisory Authorities (FSA) and will extend this reporting
service to cover EMIR derivative reporting to Trade Repositories.
It offers its members reporting services regarding:
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Establishing connectivity with relevant Trade Repositories
Reporting of derivatives contracts traded and cleared on NASDAQ OMX’s markets
Reporting of OTC derivatives transactions that are not traded or cleared by NASDAQ
OMX
Ability for members to append required data to derivatives transactions for
reporting
Daily updates to the Trade Repository of collateral and mark-to-market valuations
Reporting feedback of submitted reports

NASDAQ OMX further aims to extend its service to include reporting obligations under
REMIT for the energy market.
It provides the option of full service reporting of all required data and a complimentary
reporting service where NASDAQ OMX and the Customer jointly complete the reports.
For derivatives cleared with NASDAQ OMX where the Market Participant keeps positionsegregated accounts per beneficial owner, NASDAQ OMX can complete the Trade Repository
report with all required data without the need for interaction from the Customer. For
Customers with a setup where NASDAQ OMX does not have access to all required data or
where the Customer selects to submit its own reports to a Trade Repository but need
NASDAQ OMX to complement their reports with some data, it will offer a partial reporting
service according to the alternatives described below:
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For Customers that connects to a Trade Repository themselves for reporting,
NASDAQ OMX will duplicate the missing data at the Trade Repository to the report
created by the Customer.
Alternatively, the Customer can complete partial reports created by NASDAQ OMX
and submit the reports to the Trade Repository through NASDAQ OMX. This option
does not require direct connectivity to a Trade Repository for the Customer.
OTC derivatives transactions that are not traded or cleared by NASDAQ OMX may
also be submitted via the service interface. This option, also, does not require direct
connectivity to a Trade Repository for the Customer.

The service is provided with a flexible interface where the Customer can select to interact
with the service via a provided application or by uploading fixed formatted files.
The Trade Repository application is a desktop application that enables the Customer to
perform the following activities:
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View status of submitted reports

© Commodity Technology Advisory LLC and ETR Advisory Ltd, 2013, All Rights Reserved.

v3.1

November 13th, 2013

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