WM Datenservice: "Emir was too fast"


When Germany’s WM Datenservice – one of the bodies tasked with issuing the unique identifier derivatives users now need to report trade data – opened its doors to applications on April 3 last year, it expected a flood of interest from companies preparing for the 2014 arrival of mandatory reporting under the European Market Infrastructure Regulation (Emir). It received a single application – from its own company, WM Gruppe. The pace picked up as the February 12 deadline