Business information provider IHS Markit has connected its thinkFolio investment management platform to TRADEcho’s Approved Publication Arrangement, which provides clients with MiFID II trade-reporting capabilities.

MiFID II rules will shift the responsibility for trade reporting to the buy side for certain products. Firms using thinkFolio as their order management and portfolio modeling system can now form an agreement with TRADEcho to enable real-time trade reporting to the TRADEcho APA and use of the TRADEcho Smart Report Router to report to other APAs.

In addition, IHS Markit has introduced a new layer within thinkFolio that enables interfaces to be changed independently of the main platform. This means that clients do not need to upgrade each time there are changes to regulation or if they want to connect to other venues. In total, thinkFolio can seamlessly connect to more than 20 venues impacted by MiFID II, providing clients with maximum flexibility.

“Over the past year, we’ve worked diligently with customers and partners such as TRADEcho to adjust to the ever-changing regulatory landscape,” said Spiros Giannaros, managing director and global head of thinkFolio and Enterprise Data Management at IHS Markit. “The flexibility that we’re offering through thinkFolio will prove invaluable for clients who manage the impact of these changes on their trading infrastructures.”