The SmartStream Reference Data Utility
Established as the first industry utility, based on the principals of market commonality, collaboration and contribution, The SmartStream Reference Data Utility (RDU) delivers a data service to realize the truth of the data contained within the industry with results guaranteed. Managing data holistically, across legal entity, security, instrument, corporate action and pricing data, this shared service model promotes common fixes to data processing across the instrument lifecycle and the events that originate and change data.
MiFID II Service
The SmartStream RDU provides a complete set of reference data to support pre-trade transparency, post-trade reporting and transaction reporting requirements. As financial institutions build their longer-term MiFID II plans and control frameworks, organizations benefit from both the data and the tools to achieve sustainable operational processes, maintain competitive advantage and, importantly, ensure full compliance with regulatory obligations, across all asset classes including OTC derivatives.
Systematic Internaliser Registry
The Systematic Internaliser Registry (SI) provides the necessary data to determine which counterparty should report, by allowing SIs to register the details of the financial instruments and asset classes for which they are providing services, in a single centralized register.
The SI Registry is a collaboration between the SmartStream RDU and a group of Approved Publication Arrangements (APAs). The initiative is open to all APAs and SIs and offers a comprehensive and granular set of data from a growing population of SIs - providing much needed clarity to the market.