Recommended Practices – MiFIR Transparency (Volume 2 – Reporting Logic)

This document contains guidance on using FIX standards (specifically the FIX Protocol and MMT) for transmitting and using post-trade transparency data in European securities. This document specifically covers topics relating to when trades should be reported, and by whom under MiFID II/MiFIR. It complements Recommended Practices – MiFIR Transparency (Volume 1 – Reporting Formats) which covers the format of these reports.