Nasdaq’s transaction and reporting service offers automatic reporting
The system functionality complies with the MiFID II regulation regarding the obligation to report trading with financial instruments. The system offers surveillance of status and handles receipts regarding files delivered to the Financial Services Authority, error handling, as well as scheduled delivery of data to the receiving authority; the system also handles queries from authorities.
Nasdaq also offers predefined reports for the Nordic and Baltic markets. All activities are traceable in the system, since manual reporting offers the possibility to control the transaction reporting before it is sent to the appropriate authority. There are numbers of possibilities to communicate with the tool; FTP, Web Service as well as other client specific solutions that enable interactions between the service and multiple systems.