London Stock Exchange approved as an ARM for MiFIR reporting
- FCA approves London Stock Exchange as an Approved Reporting Mechanism (ARM) through its UnaVista platform
- LSEG providing single connectivity solutions for firms’ pre- trade transparency 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 ARM (Approved Reporting Mechanism) through its UnaVista platform. The approval means that UnaVista is able to offer transaction reporting services for its customers to help them in meeting their reporting obligations under MiFIR.
UnaVista is one of the largest ARMs in Europe under the current MiFID regime and is now ideally positioned to offer an enhanced service, covering the broader scope of instruments and the increased number of reportable fields under MiFIR. UnaVista’s ARM will be connected to all European National Competent Authorities (NCAs), so its customers will not need to build and manage connections to each of the NCAs themselves. Using the ARM service, customers can send in all of their data from multiple sources and UnaVista will determine which transactions are reportable and which competent authorities to send it to. UnaVista will also be offering an assisted reporting model for customers who want to connect via their broker or technology partner.
The ARM is part of LSEG’s MiFID II and MiFIR reporting services, which also include an APA service for trade reporting provided through TRADEcho, a partnership between London Stock Exchange and Boat Services.
Mark Husler, CEO of UnaVista said:
"We are delighted to have received regulatory approval to be authorised as an ARM under MiFIR. Through our enhanced UnaVista offering and the recently approved TRADEcho platform, LSEG can offer 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. We already have hundreds of clients testing on our platform and benefiting from our experience of preparing firms for regulatory go-live."
- Ends -
For further information:
Ed Clark +44 (0)20 7797 1222
Notes to editors:
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 $15 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.
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
For further information: