Which Broker should be used - MTF and Non-MTF?
As a result of the go-live of EMIR reporting in February 2014, traders and brokers were required to differentiate the execution platform of a trade between the MTF and non-MTF functions of a broker.
All brokers now have both a non-MTF and a MTF broker code. The non-MTF code is the historical broker code; BRxxx and the new MTF broker code is prefixed with MT and has the same last three characters as the non-MTF code.
When applying a broker code to a confirmation, please check with the broker the correct code to use.
For a full list of broker codes available please see the Static Data site:
All Data Tables > Broker > Trader View