UnaVista receives trade repository approval from ESMA

  • ESMA approves UnaVista’s application to operate a trade repository
  • New trade repository will cover all asset classes for both exchange traded and OTC derivatives across EEA
  • Will enable customers to meet new EMIR reporting requirements  go-live on 12 February 2014
  • Customers active in test environment   

UnaVista, part of London Stock Exchange Group, is pleased to announce that its application to operate a trade repository has received regulatory approval from the European Securities and Markets Authority (ESMA). The new trade repository is available to all EEA counterparties across all asset classes for both exchange traded and over-the-counter (OTC) derivatives.

Under the new European Markets Infrastructure Regulation (EMIR) all counterparties to a European derivative trade will have to report to an approved trade repository. The new regulations are expected to come into force on 12 February 2014.

Customers will be able to choose from a range of flexible methods to report to UnaVista’s trade repository including direct, full and partial delegation. The repository will sit alongside UnaVista’s existing regulatory solutions for global regulations such MiFID, AIFMD, Transaction Tax, Short Selling and REMIT. A test environment for customers is now available to allow time to complete sufficient testing ahead of the implementation of the new regulations.

Mark Husler, CEO of UnaVista said: “We are delighted to have received regulatory approval for our new trade repository. This will enable our customers to fulfil all of their EMIR reporting obligations across all asset classes. We will use our extensive experience from reporting over 1.5 billion transactions a year for MiFID, to assist our customers to be ready for the February go-live date.

“We have seen a positive response from customers using our test environment and many have already signed up to our trade repository, we look forward to working with them to ensure readiness for the implementation of the EMIR regulations.”

UnaVista is a wholly owned post-trade software provider from LSEG, offering matching, reconciliation and regulatory solutions. UnaVista provides its community of over 700 clients and nearly 13,000 global users, with a range of flexible, asset-class neutral business solutions designed to improve the efficiency of their operational risk and regulation whilst maintaining a complete audit trail for the trade.

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For further information:

Media 
Lucie Holloway +44 (0)20 7797 1222
newsroom@lseg.com

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European MTF, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com