London Stock Exchange approved as an APA for MiFID II reporting

  • FCA approves London Stock Exchange as Approved Publication Arrangement (APA)
  • APAs authorised to publish post-trade transparency reports on behalf of investment firms
  • Post trade reporting to be provided through TRADEcho platform
  • LSEG providing single connectivity solution for firms pre- and post-trade reporting requirements

London Stock Exchange plc has today received regulatory approval from the UK’s Financial Conduct Authority (FCA) to be authorised as an APA (approved publication arrangement). The approval means that London Stock Exchange will be able to publish post-trade transparency reports on behalf of investment firms to help them meet their reporting obligations under MiFID II.

The reporting will be provided through TRADEcho, a pan-European, multi-asset class MiFID II compliant trade and quote publication service for financial firms. As an APA, TRADEcho will offer customers a single, multi-asset class, pan-European, real-time reporting solution for OTC and Systemic Internaliser (SI) trades.

In addition to APA Services, TRADEcho also offers pre-trade SI Determination, SI Quoting and a Smart Report Router which provides firms with the tools to determine if a trade is eligible for publication and whether it is their responsibility to make the trade public. The London Stock Exchange APA service, which has been brought to the market through a partnership with Boat Services, is part of LSEG’s MiFID II reporting services, which also includes an ARM service for transaction reporting provided through UnaVista*.

Brian Schwieger, Global Head of Equities Products, London Stock Exchange Group said:
“We are delighted to have received regulatory approval to be authorised as an APA. Through LSEG’s TRADEcho and UnaVista services, we can offer our customers a single connectivity solution for all their real time publication and reporting requirements under MiFID II and MiFIR for both on-exchange and OTC transactions.”

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For further information:

Media 
Ed Clark +44 (0)20 7797 1222
newsroom@lseg.com

Notes to editors:

*The FCA approval process for ARMs is not yet complete

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.

Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $12.5 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through Mergent, SEDOL, UnaVista, XTF and RNS.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.

LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.

Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,000 people.

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