Esma gets tough on trade identifiers in new Emir fix
Esma has clarified how UTI generation should work in a new Q&A document. Confusion over this process has been widely blamed for comically low trade-matching rates
The European Securities and Markets Authority (Esma) is making a fresh attempt to tidy up its eight-month-old derivatives reporting regime by clarifying the process through which unique trade identifiers (UTIs) are generated. The tag should allow Europe's two-sided trade reports to be matched up but has so far proved ineffective.
The clarification came in the latest update of Esma's Q&A document on the European Market Infrastructure Regulation (Emir), published today. It is already being
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