NOTICE: Effective January 1, 2017, the IFM sold its Data Center and data services to our affiliate, FIA Technology Services, Inc. All expert staff from the IFM Data Center also transferred to FIA Tech. For more information, pricing or to schedule a demonstration, please contact FIA Tech Data Center at 1-202-304-1969 or Databank@FIA-Tech.com.
Position limits are imposed by designated contract markets (DCMs) or trading venues, as well as governmental regulatory bodies to guard against manipulation and to provide fair markets. Compliance with position limits has long existed for market users who engage in hedging or speculative trading activities on global financial markets. However, the surge in the number of products subject to limits, along with the frequency of limits and rule changes has made it particularly difficult for firms to keep current and stay compliant.
In the European Union, proposed new framework for reporting requirements and position limits under Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR) will impact thousands of contracts — essentially anything trading on an E.U. venue from commodities and financial instruments to indexes or baskets. The new European regime will provide rules for position limits; position management; and position reporting effective January 3, 2018.
The industry’s widely used solution are two unique data utilities; the Position Limits Databank (PLD) and the supplemental Equity Options Position Limits Databank (EOPLD).
Together the PLD and EOPLD are the only independent and validated source in the world for position limits and related regulatory data.