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Trayport data collection survey

Trayport have issued this press release, providing the results of a survey that has been conducted amongst their prototype users, regarding plans and priorities for the first phase of REMIT, which goes live on 7th October this year.

There are a few interesting results: Firstly, according to the survey results, the main issue that concerns market participants is the aggregation of data. The REMIT Implementing Act (Article 11(2)) requires that market participants “take reasonable steps to verify the completeness, accuracy and timeliness of the data which they submit through third parties“. If a market participant is trading across several OMPs it will be hard to comply with this requirement without access to aggregated order and trade information, which may explain this result.

The survey also shows most respondents planning to select an RRM in May. As the deadline draws closer, it is becoming increasingly important to have a strategy in place for compliance.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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