EMIR reporting for brokers operating in the EU

Author: Ivan Egorov

EMIR, or the European market infrastructure regulation, is a regulation that oversees OTC derivatives, central counterparties, and trade repositories. It establishes rules designed to mitigate risks and increase the transparency of the operations. You can read more about EMIR regulations on the EU official website.

Every brokerage with the EU license must provide an EMIR report to the regulator, but it is not as commonly available among connectivity software providers. Brokers need to report transaction details for both types of derivatives trades – exchange-traded derivatives (ETD) and OTC derivatives within 24 hours after the transaction was executed.

At TFB, we developed an EMIR Report Application to ensure all our clients have access to it should they decide to operate under the European license. It is compatible with MetaTrader 4 and MetaTrader 5, and it generates the transaction report automatically on a daily basis.

As a part of the TFB Trade Processor (TP) ecosystem, EMIR Report Application benefits from access to the TP database as it gathers all necessary data directly from it and generates a report containing all the MT4, MT5, and FIX API transactions.

The EMIR report consists of 3 parts:

• Trades list with information about transactions
• Users list with information about users
• Prices list contains daily instrument closing price

The EMIR Report Application provides an easy way to stay compliant with regulators. If you are looking for other reports, like CySEC and MiFID, you can email us at sales@t4b.com to check the full list of solutions for these regulators. Our team will help you find the right tools for you.