London Stock Exchange to acquire FSA transaction reporting service

  • Agreement with FSA underlines London Stock Exchange Group commitment to supporting client regulatory requirements
  • TRS clients to benefit from improved functionality
  • All clients can be seamlessly migrated to functionally enriched UnaVista platform

The London Stock Exchange Group plc (LSEG) today announced that it has entered into an agreement to acquire Transaction Reporting Service (TRS), the FSA’s Approved Reporting Mechanism (ARM).

Existing TRS clients will be rapidly migrated on closing to the UnaVista platform, the LSEG’s own ARM, which will accept brokers’ TRS-formatted data submissions. TRS customers will benefit from UnaVista’s significant functionality enhancements, as well as the opportunity to use the same user interface to access other solutions on the UnaVista platform, including reconciliations and the multi asset class trade confirmation portal.

David Lester, Director of Information Services at the London Stock Exchange Group said:

“I’m delighted to announce that we have reached agreement with the FSA to acquire TRS and look forward to welcoming our new clients to the LSEG’s leading UnaVista platform. Customers will benefit from a significantly improved product and access to a wide range of value added solutions. This underlines our commitment to our customers in assisting them with all their execution and trade processing needs.”

Patrick Spens, Head of Market Monitoring at the FSA said:

“We are pleased to announce we have reached an agreement with the London Stock Exchange for the sale of TRS to the LSE. The FSA chose the London Stock Exchange because it is an organisation that has been handling transaction reporting for many years, and with its transaction reporting solution on UnaVista it was seen as an ideal choice for TRS clients.”

The agreement to acquire the business and assets of TRS was made for a consideration of £15m in cash. The transaction is conditional on Office of Fair Trading clearance.

-ends-

For further information, please contact:

Tom Gilbert                                       Press Office +44 (0)20 7797 1222

                                                          newsroom@londonstockexchange.com

Tom Woodley                                    Investor Relations +44 (0)20 7797 1293

                                                          twoodley@londonstockexchange.com

 

Notes to editors:

About UnaVista:

UnaVista is the London Stock Exchange’s hosted, secure web-based platform for all validation, matching and reconciliation needs. UnaVista offers a range of business solutions including Post-Trade Services, Data Solutions and Reconciliations.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.