# Thomson Reuters Announces Suite of Reference Data Capabilities to Help Financial Industry Meet MiFID II Transparency and Reporting Requirements Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-11-16 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Thomson Reuters DataScope: Delivering MiFID II Meta Description: Enhanced reference-data capabilities to assist financial services industry in complying with MiFID II requirements. Comprehensive suite of solutions available. URL: https://financedigest.com/thomson-reuters-announces-suite-of-reference-data-capabilities-to-help-financial-industry-meet-mifid-ii-transparency-and-reporting-requirementshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd161117-15-1736843250116-compressed.jpg) _DataScope solutions to deliver wide range of reference-data preparatory insights for institutional asset managers_ Demonstrating its commitment to deliver a comprehensive suite of solutions to assist the financial services industry in complying with impending January 3, 2018, MiFID II reference-data requirements, Thomson Reuters has enhanced its reference-data capabilities, available on its integrated data and analytics delivery platform, DataScope. Thomson Reuters DataScope will deliver key regulatory content and will link crucial information, such as reference data, corporate actions, entity data, end-of-day data and intraday data in an insightful and actionable way for customers to meet MiFID II requirements. In order to be compliant with MiFID II requirements [investment](https://www.financedigest.com/the-risks-and-rewards-of-investing-in-venture-capital.html "The Risks and Rewards of Investing in Venture Capital") professionals will be required to have suitable risk models that safeguard against risk exposure. For the best value across the trading and investment cycle, [market participants will also require a complete overview](https://www.financedigest.com/glazes-market-overview-key-players-industry-overview-trends-size-application-and-analysis-till-2022-2029.html "Glazes Market Overview: Key Players, Industry Overview, Trends, Size, Application and Analysis till 2022-2029") of the entire non-equity trading lifecycle. The aggregation of [market and reference data is central to ensuring this overview](https://www.financedigest.com/microbial-rennet-market-overview-2022-2029-top-manufacturers-cagr-value-future-scope-revenue-growth-rate-and-forecast.html "Microbial Rennet Market Overview 2022-2029 (Top Manufacturers, CAGR Value, Future Scope, Revenue, Growth Rate and Forecast)") is possible. Given the new Fixed Income, Currencies and Commodities (FICC) requirements under MiFID II, many of the inter-dealer and dealer-to-client platforms will have to formalize their status, either as a Multilateral Trading Facility (MTF) or an [Organized Trading Facility](https://www.financedigest.com/exclusive-teamsters-organizing-workers-unions-at-9-amazon-com-facilities-in-canada.html "Exclusive-Teamsters organizing workers’ unions at 9 Amazon.com facilities in Canada") (OTF), and, as such, will have to publish trade data in a consistent manner. The Thomson Reuters MiFID II capabilities will also include reference data on equities, warrants, options, futures, commodities, funds, government/corporate bonds, CMOs, municipals, and OTC derivatives. “The challenge is clear, reference data has become a real focus point for the market and for our customers as they prepare to comply with MiFID II regulations coming into force on January 3, 2018,” said Stuart Martin, managing director, risk information & learning services at [Thomson Reuters](https://www.financedigest.com/thomson-reuters-lifts-sales-outlook-on-back-of-earnings-beat.html "Thomson Reuters lifts sales outlook on back of earnings beat"). “At Thomson Reuters we remain committed to providing transparent and [efficient solutions](https://www.financedigest.com/scanwriter-v-verafin-which-solution-can-help-you-unravel-financial-scams-efficiently.html "ScanWriter v. Verafin: Which Solution Can Help You Unravel Financial Scams Efficiently?") that make a measurable difference in enabling our customers to meet growing regulations. Our DataScopeMiFID II reference-data suite of [solutions represents another step forward](https://www.financedigest.com/the-infection-surveillance-solutions-market-is-likely-to-scintillate-going-forward.html "The Infection Surveillance Solutions Market is likely to scintillate going forward") in delivering on our commitments.” Will Jan, vice president & lead analyst at Outsell, commented: “The [market fallout of ’08 has shown us the consequences of a lack of data transparency](https://www.financedigest.com/cellulite-treatment-market-size-is-set-to-experience-revolutionary-growth-by-2026-transparency-market-research.html "Cellulite Treatment Market Size is Set to Experience Revolutionary Growth by 2026 | Transparency Market Research"). As the primary interface among financial professionals, it is imperative that financial desktop [providers lead](https://www.financedigest.com/tech-amigos-provides-unrivalled-aws-cloud-service-support-for-autorama-groups-leading-brand-vanarama-2.html "Tech Amigos provides unrivalled AWS cloud service support for Autorama Group’s leading brand, Vanarama") the effort towards helping their clients meet MiFID II requirements. Their clients are not hoping for such compliance support, they’re expecting it.” Thomson Reuters is committed to providing its clients with solutions to meet the full range of MiFID II regulations. Recently announced initiatives to help its clients achieve MiFID II compliance include: a partnership and enhancements to Eikon for research unbundling requirements; Legal Entity Identifier (LEI) profiling service; a partnership with BestX for FX transaction [cost analysis; the launch of an enhanced analytics platform for best execution and Systematic Internaliser (SI) determination (Velocity Analytics 8.0); and enhancements to its Tick History feed](https://www.financedigest.com/analysis-perfect-storm-poor-britons-caught-in-cost-of-living-squeeze.html "Analysis-‘Perfect storm’: Poor Britons caught in cost-of-living squeeze"). Thomson Reuters client solutions meet the full range of MiFan be found [here](https://mifidii.thomsonreuters.com/en/mifid-ii-solutions-and-services/mifid-ii-reference-data.html). Thomson Reuters DataScope is a single, integrated, award-ID II regulations. More on Thomson Reuters MiFID II solutions can be found [here.](https://mifidii.thomsonreuters.com/en/mifid-ii-solutions-and-services.html)  More on our reference data MiFID II solution cwinning data and analytics platform that provides pricing, reference data and derived analytics. For more information on Thomson Reuters DataScope, please visit [here](https://financial.thomsonreuters.com/en/products/infrastructure/financial-data-feeds/datascope-data-analytics-platform.html?utm_campaign=US_EN_GO_BRD_E_Datascope&utm_source=google&utm_medium=PPC&utm_content=datascope&gclid=EAIaIQobChMI-czB2t_61gIVEKlpCh1TX). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---