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Approved Publication Arrangement (APA)

Ensure Post-trade Transparency of OTC Transactions with the Approved Publication Arrangement (APA)

Our APA service provides a high-performance solution that enables the reporting of transactions across all financial instruments (i.e., equities, bonds, and derivatives) admitted to trading in the EU, executed OTC or on trading venues not recognized as equivalent by ESMA.

Through a single point of entry, client-reported data is collected, standardized, and published in real time, or with the deferrals required by regulation, in an automated and user-friendly manner. Additionally, the APA can be used by Systematic Internalisers (SIs) for the publication of firm quotes.

Access to APA Information

The publication of APA information is done through the MDDX platform.

Instructions for accessing real-time APA information published in accordance with MiFID II / MiFIR:

Contact us. Our team will be happy to solve any doubts you may have.

Call us at: +34 91 709 58 40

What Are the Advantages of the APA?

Authorized Service
Service provider authorised as an Apa under MiFID / MiFIR.

Effectiveness
Increased efficiency and reduced risk through a single point of access.

Dashboard
Facilitates for clients the managing and monitoring all aspects of regulatory compliance.

Availability
Services for all types of entities: market members and non-members. Connection to the most relevant competent authorities.

Support Throughout the Process
Format and content validation process.

Support
High-level technical assistance.

Experience
Support from a team of regulatory experts. Expertise in financial legislation and adaptation to new changes.

Total Coverage  
Of all instruments subject to MiFID II.

Automated Management
Waiwers and Deferrals.

Related Links
Frequently Asked Questions (FAQs)

The APA Service offered by BME arrange the notification and publication in real time of transactions after an exhaustive quality control, the application, if appropriate, of waivers for certain transactions, as well as the possible deferral of the notification and publication of large transactions, as provided for in MiFID II.

The APA service by BME allows our clients to publish information in real time on price, volume, date, and time of execution relating to their OTC trades in accordance with Articles 20 and 21 MiFIR.

Yes, the APA service also allows compliance with the transparency obligations established for the trading of financial instruments set by European regulations for the proper disclosure of information in financial markets, contributing to price formation and market integrity.