MiFID II introduces a requirement for all investment firms to publish trades in financial instruments executed OTC, i.e. outside the rules of a trading venue. This requirement was initially introduced for shares in 2007 but will be extended to cover all asset classes with the introduction of MiFID II in January 2018.

The Approved Publication Arrangement (APA) provides the service of publishing trade reports on behalf of investment firms pursuant to Articles 20 and 21 of MiFIR. Also the APA, in addition, may provide the service of publishing Systematic Internalizers Quotes, according to MiFID II/MiFIR chapter III.

APAs are authorized and supervised by the Competent Authority (CA) of their home Member State. For Greece the CA is the Hellenic Capital Market Commission (HCMC).

APA@ATHEX will support firms in meeting their pre- and post-trade transparency responsibility to report trades to the market, and Systematic Internalisers (SIs), who must report both quotes and trades.

Using the ATHEX solution, ATHEX's members and non-members will be able to manage their own publication activity related to their Trade Reporting obligation.

According to MiFID II, clients of the APA service are any investment company and/or credit institution that performs trading on cash or derivatives regulated markets or MTFs, SIs, OTC. APA Clients can be Members and Non-Members of ATHEX.

The service will be ready for use as of the 3^rd of January 2018. Clients wishing to join APA@ATHEX will enjoy many advantages such as:

• Experience and know-how in transactions reporting
• One-stop shop - single entry point:  one system for all of your transaction reports & publications
• Efficient Publication of trades and quotes
• Obligatory use of ATHEX for Transaction Reporting for Non-MiFID Members
• Competitive pricing

ATHEX wishes to notify clients of the following technical documentation and implementation guidelines to assist in the development and implementation of MiFIDII requirements:

Documents
- APA Service Deescription

For more information on ATHEX's commercial APA offering, please contact: sales@athexgroup.gr

For any enquiry or support on the APA@ATHEX services, please contact:

APASupport@athexgroup.gr  

MiFID II, with its introduction in January 2018 enhances significantly the requirement for Investment Firms to report transactions to Regulators. Under MiFID II, market participants will have the option of reporting these transactions themselves, or with the help of an Approved Reporting Mechanism - ARM.

Through ARM@ATHEX, ATHEX intends to provide an integrated service to its Members and clients to enable them to fulfill their transactions reporting obligation for transactions they route and/or conclude not only in ATHEX but also in other markets.

According to MiFID II, clients of the ARM service are any investment company and/or credit institution that performs trading on cash or derivatives regulated markets or MTFs, SIs, OTC. ARM Clients can be Members and Non-Members of ATHEX.

The service will be ready for use as of the 3^rd of January 2018. Clients wishing to join ARM@ATHEX will enjoy many advantages such as:

• Experience and know-how in transactions reporting
• One-stop shop - single entry point:  one system for all of your transaction reports & publications
• Obligatory use of ATHEX for Transaction Reporting for Non-MiFID Members
• Competitive pricing

ATHEX wishes to notify clients of the following technical documentation and implementation guidelines to assist in the development and implementation of MiFIDII requirements:

Documents
- ARM Service Deescription

For more information on ATHEX's commercial ARM offering, please contact: sales@athexgroup.gr

For any enquiry or support on the APA@ATHEX services, please contact:

ARMSupport@athexgroup.gr