Year-end ‘congestion’ looms for European trade reporting

Cars stuck in congested traffic

A likely deadline of January 1, 2014 for the start of mandatory trade reporting for equities, commodities and FX in Europe could result in year-end ‘congestion' as market participants struggle to meet their obligations under the European Market Infrastructure Regulation (Emir), market participants have warned.

Speaking during a live webinar hosted by FX Week on Wednesday, industry participants highlighted the challenges of beginning to report FX trades in January, given reporting is expected to

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