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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

MiFID II - the Journey Continues...

MiFID II - the Journey Continues...

20/03/2019

MiFID II has been implemented for over a year now – how has the market responded and what will the next stage in its evolution look like? Has transparency been achieved??

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TRADEcho receives approval from AFM

TRADEcho receives approval from AFM

11/03/2019

We are pleased to announce that London Stock Exchange Group has received all the required regulatory approvals in order to continue to offer EU MiFID II and UK equivalency reporting services.

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ESMA sets out its approach to several MiFID II / MiFIR & BMR provisions under a no-deal Brexit

ESMA sets out its approach to several MiFIDII / MiFIR & BMR provisions under a no-deal Brexit,

07/03/2019

This includes ESMA opinions on post-trade transparency for OTC transactions between EU investment firms and UK counterparties and position limits 

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