FOW Tradedata unveils CFI data feed for Emir transaction reporting

Source: FOW Tradedata

FOW Tradedata today announced the availability through its Xymbology service of Classification of Financial Instruments (CFI) symbology for global futures and options contracts as part of its compliance data suite.

This ISO 10962 compliant dataset has been generated to satisfy regulatory reporting requirements of EMIR legislation.

The more extensive requirements under EMIR to monitor transaction records across and to view concentrated trading both within the EU and for entities within the EU trading globally outside the EU demands not only uniform instrument symbology, but also its consistent application along the reporting chain.

Mark Woolfenden, Managing Director at FOW TRADEDATA said: "FOW TRADEDATA has for many years provided innovative data solutions for the market including mandatory transaction data for exchange listed futures and options to both the regulator and UK regulated parties. The CFI and other related instrument attributes from FOW TRADEDATA offer a robust solution to all participants across the EU charged with delivering EMIR compliance for listed futures and options. We of course understand that ANNA, the Association of National Numbering Agencies, has the prime, albeit federated, responsibility for issuing CFI codes but, from our research and discussions with market participants', it was apparent that a readily accessible, single source of global CFI codes did not exist at a time when it is most needed."

Gregg Whitbread, Product Manager for Xymbology said: "Clients using the existing range of Xymbology products have already enjoyed compliant operations through more efficient transaction processing and using the CFI in combination with either ISIN or global Aii identifiers will continue this trend under EMIR. The addition of the CFI code to the service provides trading firms, regulatory reporting service providers, Trade Repositories and CCPs with a consistent symbology required to complete transaction reporting on all markets mandated by EMIR." 

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