TRADEcho

The One-Stop Shop for MIFID II Transparency Services

Latest News

ESMA delays publication of double volume cap data

ESMA delays publication of double volume cap data

09/01/2018

The European Securities and Markets Authority (ESMA) today decided to delay the publication of the data on the double volume cap (DVC) mechanism for January 2018. Read more here

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ESMA PUBLISHES KEY TRANSPARENCY CALCULATIONS FOR MIFIDII/MIFIR IMPLEMENTATION

ESMA PUBLISHES KEY TRANSPARENCY CALCULATIONS FOR MIFIDII/MIFIR IMPLEMENTATION

07/12/2017

The European Securities and Markets Authority (ESMA) has published the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments. The publication means that TTC for all asset classes, applicable from 3 January 2018, are now available to market participants, infrastructures and authorities as required under the new regulatory framework.

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 TRADEcho’s Smart Report Router now connected to the Cboe Europe Equities APA

TRADEcho’s Smart Report Router now connected to the Cboe Europe Equities APA

16/11/2017

Clients who use TRADEcho’s Smart Report Router (SRR) can now report trades to the Cboe Europe equities (formerly known as Bats Europe) APA

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OUR SERVICE

TRADEcho is the suite of MiFID II reporting services hosted and operated by the London Stock Exchange Group (LSEG) and brought to market in partnership with Simplitium (formerly Boat Services). TRADEcho was formed in direct response to market demand for simplified and cost-effective reporting services that help firms meet their MiFID II transparency obligations.

TRADEcho’s pre-trade services (SI Determination and SI Quoting) help firms meet their MiFID II pre-trade transparency obligations by keeping them informed of their SI status in real time and enabling quote publication via the LSE market data channels.

TRADEcho's Approved Publication Arrangement (APA) provides firms with the mechanism to report trades they have executed to the market, thereby meeting their MiFID II post-trade transparency obligations. Trades are published across all asset classes in line with the regulatory reporting timeframes, applying relevant deferrals 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.

TRADEcho’s Smart Report Router (SRR) solves a real problem in the market by helping firms determine if and when a firm should report a trade, and where there is a requirement, routing that trade to an APA for publication. In doing so, the SRR helps firms achieve operational efficiency while meeting regulatory demand.The SRR is APA agnostic which means that firms can route their trades to TRADEcho’s APA or another APA of their choosing. The ability to route trades to different APAs provides flexibility and efficiency while reducing the cost of connecting directly to multiple APAs. The SRR also enables assisted reporting. This allows buy-side firms to report on behalf of their clients and provides real-time visibility of the reporting lifecycle, while keeping connectivity and development costs down.

TRADEcho offers unparalleled experience in regulatory reporting. Through its comprehensive service offering, TRADEcho truly helps firms meet their trade reporting obligations in the most effective and efficient way.