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TRADEcho

The One-Stop Shop for MIFID II Transparency Services

OUR SERVICE

TRADEcho is the suite of MiFID II reporting services hosted and operated by the London Stock Exchange (LSE) and delivered in partnership with Simplitium (formerly Boat Services). TRADEcho provides simplified and cost-effective MiFID II reporting services.

TRADEcho’s pre-trade services (SI Determination and SI Quoting) keep firms informed of their SI status and enables quote publication via the LSE market data channels or the TRADEcho SI quoting website.

TRADEcho's Approved Publication Arrangement (APA) provides firms with:

  • the mechanism to report executed trades, fulfilling their MiFID II post-trade transparency obligations
  • the ability to publish trades across all asset classes in line with the regulatory reporting timeframes, applying relevant deferrals
  • capability to provide the market with a clear and concise tape of a firm’s trades

TRADEcho is authorised as an APA by the UK’s Financial Conduct Authority (FCA).

As part of LSEG, TRADEcho’s services are complemented by the large suite of reference data provided by UnaVista. Firms with pre-established connection to the LSE benefit from swift connectivity and simplified on-boarding.

TRADEcho’s Smart Report Router (SRR) provides both buy and sell-side firms with the ability to:

  • determine if and when they have a reporting obligation
  • meet their trade reporting obligations whilst being able to demonstrate to regulators that they have applied the appropriate measures to do so
  • route trades that require reporting to an APA for publication to TRADEcho’s APA or another of their choosing
  • reduce the cost of connecting directly to multiple APAs
  • enable Assisted Reporting, allowing sell-side firms to report on behalf of their clients providing real-time visibility of the reporting lifecycle, while keeping connectivity and development costs down

TRADEcho offers unparalleled experience in regulatory reporting, allowing firms to meet their trade reporting obligations efficiently.

Latest News

TRADEcho news and updates

TRADEcho news and updates

11/02/2019

In this newsletter, TRADEcho discusses the recent changes to the MiFID II Systematic Internaliser (SI) regime and looks at what information is available to firms ahead of Brexit. 

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 TRADEcho's SI quoting service shortlisted for Best Regulatory Reporting Technology Product

TRADEcho's SI quoting service shortlisted for Best Regulatory Reporting Technology Product

29/10/2018

TRADEcho's SI quoting has been shortlisted for the FOW International Awards in the "Best New Technology Product: Regulatory Reporting" category!

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ESMA updates its Q&As on MiFID II and MiFIR market structure and transparency topics

ESMA updates its Q&As on MiFID II and MiFIR market structure and transparency topics

04/10/2018

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding market structures and transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The new Q&As provide clarification on a range of topics, including: Classification of derivatives on derivatives for transparency purposes; Default liquidity status of bonds (amendment to an existing Q&A); and Scope of the pre-trade transparency waiver provided under Article 9(1)(c) of MiFIR.

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