London Stock Exchange completes Transaction Reporting Services acquisition

  • Deal underlines London Stock Exchange Group’s commitment to supporting client regulatory requirements
  • TRS clients to benefit from improved functionality
  • Clients begin seamless migration to functionally enriched UnaVista platform

London Stock Exchange Group plc today announced that it has completed the acquisition of Transaction Reporting Service (TRS), the FSA’s Approved Reporting Mechanism (ARM).

Existing TRS clients can now rapidly migrate to the UnaVista platform, the Group’s own ARM, which has acquired the rights to accept brokers’ TRS-formatted data submissions. TRS customers will benefit from UnaVista’s significant functionality enhancements including management dashboards, data reconciliations and reference data for all asset types incorporating the new Alternative Instrument Identifier Exchange.

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

“I’m delighted to announce that we have finalised our agreement with the FSA to acquire TRS and look forward to welcoming our new clients to the Group’s leading UnaVista platform. This transaction underlines our commitment to our customers in assisting them with all their execution and trade processing needs.”

Migrating TRS customers will also gain access to the full range of UnaVista solutions including the UnaVista Swaps and Confirmation Portal that allows brokers and buy side clients to automate post trade communications of exchange traded and OTC transactions.

 

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For further information, please contact:

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

                                                            newsroom@londonstockexchange.com

Paul Froud                                        Investor Relations +44 (0)20 7797 3322

Notes to editors:

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.