WM Datenservice: "Emir was too fast"

florian-sicherl

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 approached, climbing from

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