Service overview

Short overview of the advantages and the scope of the APA solution of Wiener Börse AG, TTR^® II:

• Standardized solution for all MiFID II transparency requirements for all asset classes
  • Post-trade reporting for OTC transactions will be mandatory through an "Approved Publication Arrangement" (APA)
  • Additionally, pre-trade reporting will be required for "Systematic Internalizers" (SI) – possible through an "Approved Publication Arrangement" (APA) 
• Multi-client capability
• Input data validation (ESMA database)
• Business logic (Automatic delayed publication, SI status, duplicate reporting)
• Anonymized data distribution via Wiener Börse AG's data dissemination infrastructure (ADH) and optional FIX data feed
• Provision of a Web-GUI for easy manual data entry and report access 
• Provision of a standardized FIX 4.4 interface for automated data entry and validation
  • Either direct "TTR II^® FIX" interface or via CEESEG FIX
  • Physical connection via private network (leased line) or VPN
• Standardized customer reports
• Wiener Börse AG as neutral provider of a flexible service
• Core operation time 07:30 – 19:00 (on trading days of Wiener Börse AG and BSE, LJSE, PSE, ZSE)
• Extended operation with real-time monitoring takes place in the period from 19:00 to 23:00