The European Securities and Markets Authority (ESMA) has announced two major projects:

• the Instrument Reference Data Project – approximately 300 trading venues across the EU will send their MiFIR/MAR data to ESMA which will then perform and publish the necessary transparency and liquidity threshold calculations. Once finalised, the database will allow Member State national competent authorities (NCAs), and financial market participants, access to all data for financial instruments admitted to trading on EU regulated markets or traded on MiFID II venues (organised trading facilities and multilateral trading facilities); and
• the Trade Repositories Project – ESMA and 27 NCAs will be provided with immediate access, through a single platform, to approximately 300 million weekly reports on derivatives contracts received from 5,000 different counterparties across EU trade repositories.

The projects are currently being developed by ESMA, with the Instrument Reference Data Project expected to go live in early 2017, and the Trade Repositories Project to go live in 2016.

Participating NCAs in the Instrument Data Project are from: Austria, Cyprus, Denmark, Finland, France, Greece, Hungary, Iceland, Ireland, Liechtenstein, Malta, Netherlands, Norway, Portugal, Romania and Sweden.

Participating NCAs in the Trade Repositories Project are from: Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.

View ESMA launches centralised data projects for MiFIR and EMIR, 1 April 2015