Some settings in Bricknode Broker are particularly important to consider before TRS2 reporting.
LEI on the house
The LEI number on the house needs to be set. Navigate to House> Details> MiFID ll
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Primary market
Navigate to Places in System Data to register the Primary market for all instruments that should be TRS-reported.
A list of valid MICs is available here: https://www.iso20022.org/10383/iso-10383-market-identifier-codes
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Important to remember:
Enter MiFID Country
Enter a place for unlisted securities not to be reported
Enter a place for OTC to be reported, which will be used for execution.
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NotesNOTRS is used for deals between two house accounts |
Set Primary Market on Instruments
For the instruments to be TRS-reported, we need to enter the Primary market.
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MiFID ll on customers
Customers need to be updated with MiFID ll information. Customer> Details> MiFID ll.
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Activate MiFID ll in Bricknode Broker
Setting to enable MiFID ll, which means that only users who are MiFID-approved can place orders to instruments that should be TRS-reported.
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