BlackRock threatens to go own way on UTI generation, says industry source

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Asset manager BlackRock has threatened to break a ‘gentlemen's agreement' between clients and banks over the generation of unique trade identifiers (UTIs) during the trade reporting process in Europe.

UTIs form a vital part of the European Market Infrastructure Regulation's (Emir) new standards on trade reporting, which will begin for all derivatives counterparties in the European Union on February 12. A UTI must be attached to each trade passed across to an approved repository, and it has

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