MiFID II Trade Reporting APA
Test your knowledge of MiFIR with TRADEcho's MiFIR quiz
London Stock Exchange's APA service, TRADEcho, is a real-time pre- and post-trade publication service reaching across all MiFID II asset classes. Offered alongside UnaVista, TRADEcho provides an unparalleled level of experience and expertise, helping ease the regulatory burden for financial firms.
One connection for MiFID II reporting
Firms can enjoy the benefits of seamless reporting for both trade and transaction with one connection to the LSEG, one sales contact, one contract and one on-boarding process.
Multi-asset class service across the full trade life cycle
Pre- and post-trade transparency services across asset classes. Meaning you can have all of your reporting in one place.
Partner with one of the most experienced teams in the industry.
LSEG and TRADEcho have decades of experience helping firms with trade reporting, and already have solutions for Fixed Income, Equity and ETF reporting.
Understand if you have a pre-trade transparency requirement
The level of the pre-trade transparency depends on a number of factors, including the product for which quotes are being provided and size of the quote. TRADEcho can help you determine your systematic internaliser (SI) status per instrument and report quotes and trades within the required time frames.
On and Off Exchange post-trade transparency
LSEG provides post-trade reporting services for on and off exchange trades to help customers manage investment mandates, counterparty risk through buy-in & default regime as appropriate.
Full reconciliation capabilities.
The TRADEcho data seamlessly flows into the UnaVista platform for MiFIR transaction report enrichment and reconciliation.
Determine if its your obligation to report
TRADEcho's Smart Router gives firms access to the reporting rules of our experienced team to automatically determine if its their obligaiton to a report a trade. The Smart Router incorporates a vast amount of reference data and adapts as the regulation and data changes.