UnaVista solutions

UnaVista is an Approved Reporting Mechanism (ARM) and Trade Repository in the UK and EU, providing solutions for regulations including MiFIR / MiFID II (RTS21 Commodity Position Reporting, RTS 22 ARM transaction reporting, RTS23 Reference data reporting) along with a range of ancillary services to help you create a full control framework around MIFIR reporting. In addition, UnaVista provides solutions for EMIR, ASIC, MAS, HKMA, FinfraG and Bank of Israel Commodity Positions Reporting, offering a comprehensive approach to T+1 reporting requirements.

With the UnaVista Rules Engine, you can use UnaVista’s global database of MiFIR reportable instruments, which are compiled through UK and EU FIRDs and LSEG’s master instrument reference data. The eligibility workflow helps ensure you are not over reporting. Through intuitive exception management interfaces, records can be blocked automatically or simply flagged for further review.

An ‘always on’ solution to provide more insight and control over your MiFIR regulatory reporting. UnaVista Analytics helps you demonstrate you have the right control framework in place to reduce regulatory and operational risks by providing an effective control framework to meet your firm's data quality and completeness obligations. The solution provides the tools and analytics to indicate whether you might stand out to the regulators, how you compare to your peers, and how to improve your reporting data – all with no set-up needed.

The UnaVista Rules Engine does the hard work for you. As a flexible ETL layer, the platform ingests your source data - normalising, enriching, augmenting, and validating the data - before translating it into the correct format for onward processing and regulatory reporting.

Under the rules detailed in MiFIR RTS 22 article 15, any trading venue / investment firm that reports MiFIR transactions is liable for the accuracy and completeness of its transaction reports for any given trade date. Firms are concerned that a poor client-ARM-regulator reconciliation process may cause them to be in breach of the rules.

UnaVista’s MiFIR Reconciliations is a multi-source reconciliation engine that significantly reduces the risk of non-compliance. Our solution allows for one or multiple parties, the executing entity(s) and your firm(s) to supply client transaction reports and transactions reports held at the regulator(s) for reconciliation against transactions reported to UnaVista’s regulated ARM. UnaVista’s reconciliation tool ultimately allows for a three-way reconciliation (1. client versus ARM, 2. client versus NCA and 3. ARM versus NCA) to be run on reported MiFIR transactions. 

You will receive timely reconciliation results and break management functionalities, benefiting from access to UnaVista ARM and LSEG’s trusted technology infrastructure. MiFIR Reconciliations offers multiple sources for transaction reports input in diverse formats.

The provision of reliable data to determine whether a trade must be reported often proves onerous and difficult. Many organisations resort to incomplete lists of reference data and complex rules logic to pre-filter data prior to sending to their ARM. The UnaVista solution provides a web interface identifying reports that may not require reporting to the regulator through access to detailed LSEG reference data sourced from the FCA and ESMA (FIRDS).