Esma plan to boost matching rates leaves industry cool

Incomplete reports would be sent back to market participants

Esma headquarters

Incomplete derivatives trade reports will be sent back to market participants under a new scheme outlined by the European Securities and Markets Authority (Esma). It is a first attempt to improve disastrously low matching rates for the region's five-month-old reporting regime, which uses two tags – legal entity identifiers (LEIs) and unique trade identifiers (UTIs) – to help repositories pair up reports that are filed independently by each counterparty. Under the new arrangement -