03.22.2019

UnaVista TRADEcho Approved For Emir

We are pleased to announce that London Stock Exchange Group has now received all the required regulatory approvals in order to continue to offer both EU MiFID II and EMIR reporting services along with the UK equivalent reporting services. This ensures we can continue to provide transaction and trade reporting services after the United Kingdom’s departure from the European Union (Brexit) in the event of a no-deal Brexit.

UnaVista TRADEcho B.V., an affiliate of London Stock Exchange Group plc, has been approved by European Securities and Markets Authority (ESMA) to operate a Trade Repository for the EU EMIR requirements. This follows on from the approval already received by the Dutch Authority for Financial Markets (AFM), to operate an Approved Reporting Mechanism (ARM) and Approved Publication Application (APA) for MiFID II.

London Stock Exchange plc and UnaVista Ltd will continue to operate a trade repository, ARM and APA to provide transaction and trade reporting services under the versions of EMIR and MiFID II that are incorporated into UK law pursuant to the European Union (Withdrawal) Act 2018.

Mark Husler, UnaVista CEO, stated “We are pleased that we can continue to offer our market leading trade and transaction reporting services with minimal disruption to clients. Clients will be able to report for both EU and UK version of MiFID II and EMIR through their existing connections.”

Equities clearing

Further to Aquis Exchange’s Paris-based entity, Aquis Exchange Europe, going live, offering trading in a number of European stocks, LCH Ltd is pleased to confirm that it is providing equities clearing services for the new venue.

Bruce Kellaway, Global Head of RepoClear, EquityClear Ltd and Collateral, LCH, said: “As part of our open access approach, LCH is committed to offering our customers access to a range of trading venues. This gives participants true choice of where to clear and execute their trades, and we are delighted to be working with Aquis to support the launch of its new MTF in Europe.”

Graham Dick, CEO of Aquis Exchange Europe, said: “Central clearing provides our customers with enhanced counterparty risk management and trade certainty. We are pleased to be able to extend our relationship with LCH and offer a choice of clearing houses for those trading with our Paris-based entity Aquis Exchange Europe.”

Source: London Stock Exchange Group

 

Related articles

  1. J.P. Morgan is hiring senior bankers and traders as other firms cut

    UK investors rushed to sell their holdings at their fastest rate since October 2016.

  2. Switzerland’s stock exchanges lost equivalence with the European Union at the start of this month.

  3. Brexit Muddles Future of UK-EU Linkage
    Daily Email Feature

    AFME Warns On No-Deal Brexit

    UK CCPs may start off-boarding processes for EU27 members this year.

  4. Trading Europe From ‘Across the Pond’

    The Swiss loss of equivalence is a potential precedent for a no-deal Brexit scenario.

  5. The new regulated FX trading venue will serve customers in the EU, irrespective of the outcome of Brexit.