Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the MMT Auto Flag Extension. The Market Model Typology (MMT) was developed through the collaborative efforts of European exchanges, Multilateral Trading Facilities (MTF), market data vendors and trade reporting venues as a means of standardizing post-trade data reporting. Market fragmentation can be seen as a natural by-product of competition but more action is needed to meet the challenges in the area of equity market data, in particular the post-trade transparency. Though much of this stems from an inherent lack of standards in the OTC market, Regulated Markets and MTFs also need to support a single industry standard that can be applied across all sources of post-trade data.
A number of sell side organizations have analyzed the MMT (version 2.0) and agreed that they would, in addition to the separation of trade types currently supported, the sell side organizations would additionally like there to be an explicit distinction between automated and manual trades. This gap analysis proposes a new field to meet this requirement.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal can be found at:
The public comment period ends on March 28, 2014.
Section 2.2 is still missing the MMT values. Please confirm the approval of MMT Committees and assigned MMT values for this extension.