TZTR - A holistic MiFIR reporting solution
What is The Markets in Financial Instruments Regulation (MiFIR)?
The challenge
For compliance leaders in investment firms, trading apps, banks and similar financial institutions, MiFIR (alongside MiFID II) mandates the submission of 65 data points per transaction under strict next-day deadlines. Handling these requirements manually - across asset classes such as equities, bonds, and foreign exchange - often results in errors, missed deadlines, and fragmented audit trails.
The solution
eflow’s TZTR platform provides a robust, centralised solution for MiFIR transaction reporting. Designed to be user-friendly, efficient, and highly adaptable, TZTR helps compliance professionals and senior management teams to navigate complex regulatory obligations while streamlining operational workloads.
How TZTR simplifies your MiFIR reporting processes
Firms can configure their platform to their specific requirements and digitally collect, manage and report on the 65 data fields required under MiFIR’s guidelines. TZTR will then enrich your transaction data with market data, validate it, and submit the relevant reports to the relevant Approved Reporting Mechanisms (ARMs) and National Competent Authorities (NCAs).
Once the reports have been submitted, you can review feedback in the platform before ingesting the regulator’s response files. These can then be used to make field-by-field edits for resubmission. Offering robust, accurate and efficient reporting across the transaction lifecycle, TZTR is an essential tool for enabling firms to meet the granular and time-sensitive requirements of MiFIR.
A holistic regulatory approach
Quicker and more efficient processes
Improved governance
A flexible, scalable compliance tool
Tailor your platform to fit your strategy
Technology that evolves with you
‘Always on’ audit trails for complete visibility
‘Regulator ready’ reporting at the click of a button
MiFIR reporting expertise that you can trust
A comprehensive MiFIR solution
A fully integrated transaction reporting solution for MiFIR, all managed from one digital hub
Data enrichment
Automated data enrichment for all alerts and asset types from the eflow Market Data Store which curates data from more than 250 sources
Trackable platform use
Gain insights on how your compliance team is interacting with the system and view full internal audit trails
Automated reporting
Error handling, automatic submissions and field-by-field editing all included as standard
Retrospective testing
Back-test trade data to ensure robust, retrospective compliance
Seamless connectivity
Digitally connected to the relevant Approved Reporting Mechanisms and National Competent Authorities for seamless report submission
Robust data validation
Automatically cross-references all records received against the FIRDS register to ensure eligibility
Expert onboarding
Full access to eflow’s customer success team while we onboard you on to TZTR
Painless migration
Seamless migration from your existing system to ensure zero periods of ‘regulatory downtime’
Being able to implement eflow’s solutions for trade surveillance, best execution and transaction reporting was more efficient, reduces our overheads, and provides us with a holistic regulatory technology solution. As a result, working with eflow was an obvious decision.
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