MiFID Transaction Reporting forms the backbone of transparent financial markets and ensures comprehensive trade monitoring through precise data capture and regulatory reporting. As a leading AI consultancy, we develop customized RegTech solutions for intelligent trade reporting automation, optimized data quality, and strategic transaction reporting excellence with complete IP protection.
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We develop a customized, AI-optimized MiFID Transaction Reporting compliance strategy with you that intelligently meets all trade reporting requirements and creates strategic compliance advantages.
AI-based analysis of your current transaction reporting structure and identification of optimization potential
Development of an intelligent, data-driven trade reporting strategy
Building and integration of AI-supported transaction reporting monitoring and optimization systems
Implementation of secure and compliant AI technology solutions with complete IP protection
Continuous AI-based transaction reporting optimization and adaptive compliance monitoring
"Intelligent optimization of MiFID Transaction Reporting is the key to sustainable market integrity and regulatory excellence. Our AI-supported trade reporting solutions enable institutions not only to achieve regulatory compliance but also to develop strategic efficiency advantages through automated trade data processing and predictive data quality assurance. By combining deep transaction reporting expertise with advanced AI technologies, we create sustainable competitive advantages while protecting sensitive trading data."

Head of Risk Management
We offer you tailored solutions for your digital transformation
We use advanced AI algorithms to optimize trade data capture and develop automated systems for precise data validation and real-time quality assurance.
Our AI platforms develop highly precise data quality systems with automated error detection and continuous data quality monitoring.
We implement intelligent regulatory reporting systems with machine learning compliance monitoring for maximum reporting quality.
We develop intelligent systems for continuous transaction monitoring with predictive surveillance measures and automatic anomaly detection.
Our AI platforms automate cross-border reporting with intelligent multi-jurisdictional compliance optimization and predictive regulatory harmonization.
We accompany you in the intelligent transformation of your MiFID Transaction Reporting compliance and the development of sustainable AI trade reporting capabilities.
Choose the area that fits your requirements
MiFID Algorithmic Trading defines comprehensive compliance standards for automated trading systems and ensures solid risk control while maintaining market integrity. As a leading AI consultancy, we develop tailored RegTech solutions for intelligent Pre-Trade Controls, automated Risk Management systems, and strategic Algorithmic Trading optimization with complete IP protection.
MiFID ESMA Guidelines define uniform supervisory standards and ensure harmonized application of MiFID provisions across EU member states. As a leading AI consultancy, we develop customized RegTech solutions for intelligent ESMA Guidelines implementation, automated Supervisory Convergence, and strategic compliance optimization with complete IP protection.
The MiFID II best execution obligation requires investment firms to take all sufficient steps to obtain the best possible result for clients when executing orders. We help you develop a robust execution policy, analyse and select appropriate execution venues, and establish transparent monitoring and reporting processes – from RTS 27/28 compliance to ongoing quality assurance.
MiFID II conduct of business rules establish the investor protection framework for investment firms across the EU. They define how firms must classify clients, provide investment advice, disclose costs and govern products — from suitability assessments through cost transparency to product governance. ADVISORI supports firms in the practical, auditable implementation of these obligations.
Data Reporting Services Providers (DRSPs) form the backbone of financial market transparency under MiFID II and MiFIR. As APAs, CTPs or ARMs, they ensure that transaction reports under Art. 26 MiFIR are submitted to competent authorities on time and accurately. ADVISORI advises financial institutions on selecting, connecting and maintaining compliance with these services – including the new requirements from the MiFIR Review 2026.
MiFID II Compliance Framework Implementation requires precise integration of ESMA Guidelines with national supervisory requirements and comprehensive Client Protection. As a leading AI consultancy, we develop customized RegTech solutions for intelligent MiFID II compliance, automated investment services monitoring and strategic market advantages in the European investment services environment with complete IP protection.
MiFID German Implementation requires precise transposition of European directives into German supervisory law with specific BaFin requirements and WpHG integration. As a leading AI consultancy, we develop tailored RegTech solutions for intelligent BaFin compliance, automated WpHG monitoring and strategic German MiFID optimization with complete IP protection.
Implementing MiFID II requires a structured gap analysis, clear project governance and the integration of compliance requirements into processes, systems and governance structures. ADVISORI guides your implementation project from initial assessment to an operational compliance framework.
MiFID II establishes binding protection standards for all investor categories. We support financial institutions in implementing client categorisation, inducement rules, PRIIPs key information documents, information duties and complaints handling – practical and regulatory-compliant.
Position limits under Article 57 MiFID II cap the maximum net position in commodity derivatives, aiming to prevent market abuse and ensure orderly price formation. ADVISORI supports financial institutions and trading firms in the compliant implementation of position limit requirements — from initial assessment through ongoing position management to regulatory reporting.
MiFID II and the upcoming MiFIR review present financial institutions with far-reaching compliance challenges. Our readiness assessment systematically identifies gaps across investor protection, transparency and market infrastructure – and develops a prioritised roadmap for your sustainable compliance.
Since 2018, MiFID II requires the separation of research costs from trade execution fees. Investment firms must pay for research through a Research Payment Account (RPA) or from their own resources. ADVISORI supports institutions in fully implementing unbundling requirements — from gap analysis through RPA setup to ongoing compliance monitoring.
MiFID III Updates & Changes require strategic adaptation to significant ESMA developments with Digital Finance integration, Crypto Assets regulation, and ESG compliance harmonization. As a leading AI consultancy, we develop tailored RegTech solutions for intelligent MiFID III transformation, automated regulatory adaptation, and strategic market advantages in the evolved European investment services environment with complete IP protection.
MiFID Market Data Costs form the foundation of transparent cost structures and ensure comprehensive cost control through precise data cost analysis and regulatory transparency. As a leading AI consultancy, we develop customized RegTech solutions for intelligent cost management automation, optimized vendor relationships, and strategic Market Data Cost excellence with complete IP protection.
MiFID Market Structure defines the architecture of modern financial markets and ensures optimal market transparency through structured Trading Venue regulation and systematic Best execution requirements. As a leading AI consultancy, we develop customized RegTech solutions for intelligent market structure automation, optimized Trading Venue compliance, and strategic Market Structure excellence with complete IP protection.
MiFIR Article
26 transaction reporting obligates investment firms to report every transaction in financial instruments to the competent national authority. Reports must be submitted by the end of the following business day (T+1) and contain up to
65 data fields covering clients, counterparties, instruments, price, quantity and timestamps. The purpose is to enable market surveillance and detection of market abuse across EU financial markets.
The
65 fields are grouped into seven categories: client information (name, LEI or national identifier), counterparty data, transaction details (price, quantity, currency, execution timestamp), instrument data (ISIN, CFI code, underlying), trading venue information (MIC code), processing fields (transaction reference number, report status) and decision-maker information (trader ID, algorithm ID). Each field has specific validation rules defined in RTS 25.
All investment firms executing transactions in reportable financial instruments are subject to the reporting obligation. This includes banks and securities trading firms with trading activities. Firms can submit reports directly to the national competent authority or delegate submission to an Approved Reporting Mechanism (ARM). Even when delegating, the reporting firm retains responsibility for data accuracy and completeness.
FIRDS (Financial Instruments Reference Data System) is ESMA's central database for instrument reference data. Trading venues and systematic internalisers report their instruments to FIRDS. When submitting transaction reports, the instrument details must match FIRDS records — particularly ISIN, CFI code and trading venue MIC. Missing or inconsistent FIRDS entries are a frequent source of reporting errors and rejections.
The LEI is a 20-character alphanumeric code that uniquely identifies legal entities worldwide. For MiFIR transaction reporting, all involved legal entities — the ordering party, counterparty and reporting firm — must hold a valid, active LEI. Expired or inactive LEIs cause report rejections. Regular LEI renewal and validation is therefore a critical component of the reporting process.
Typical error sources include invalid or expired LEIs, incorrect ISIN codes, wrong trading venue MICs, incorrect timestamp formats, incomplete client identification for natural persons, and inconsistencies between reported and FIRDS-registered instrument data. Correctly distinguishing between new submissions, cancellations and corrections is also error-prone.
ADVISORI provides comprehensive transaction reporting advisory: gap analysis of existing reporting processes, mapping of
65 fields to internal data sources, implementation of validation rules per RTS 25, ARM system integration, LEI management and FIRDS reconciliation. We also support preparation for the MiFIR review changes and train specialist teams in compliant reporting processes.
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