Exchange industryHeadline: Trade reporting and the road to transparency Link: http://www.fow.com/Article/3304869/Features/26521/Trade-reporting-and-the-road-to-transparency.html First two paragraphs: 03 February 2014After months of intense preparatory work to meet the reporting requirements under the European Market Infrastructure Regulation (Emir), we are entering the final stage before derivatives reporting becomes a reality in Europe, says Sandy Broderick, CEO of DTCC Deriv/SERV.Buy- and sell-side firms are busy developing processes and testing their systems and procedures to ensure they are compliant by the February 12, 2014 deadline.However, even with the progress made to date, the industry is likely to undergo a period of trial and adjustment until the trade reporting function can meet the requirements of the new regulatory framework fully.?