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FAQs on transaction reporting – Question II.2.5.1

Back-loaded trades.  What indicator/field should we use for back loaded trades for historic contracts executed on Exchange?
We require an indicator because the validation for the back-loaded trades may be more relaxed than for the regular trades as the MP may not be able to supply all the details currently required by ACER.  The TRUM shows the use of “BACKLOADING” in the Contract Name field for off-market trades, but what about Exchange Traded trades?

Do we use the text “BACKLOADING” in the Contract Name field for Exchange-Traded trades or will there be a new action to indicate Back loading?  If not, can we agree with other RRMs to use the Linked Order ID field with the text “BACKLOADING” to indicate a back-loaded trade?


Answer:

The validation rules for the back loaded trades will be more relaxed than for the other trades as the market participants may not be able to supply all the details required for standard contracts. The TRUM shows the use of “BACKLOADING” in the Contract Name field for off-market trades as an example.

The TRUM also indicates that any information from examples of trades executed on continuous markets or auction markets can be applied to bilateral contracts and vice versa (for example profiles used in one trading example can be used to report a different trading example). The same logic applies to exchange traded contracts.

Please see example (2.19) “BACKLOADING” trade in Annex II to the TRUM.

Last update: 08/09/2015   RSS_Icon Subscribe to this Page’s RSS