London Stock Exchange Group and Boat Services to build MiFID II Trade Reporting solution

  • Heads of Terms  signed to create MiFID II compliant, multi-asset reporting platform
  • Complements UnaVista’s MiFID II transaction reporting service
  • London Stock Exchange to apply for Approved Publication Arrangement (APA) status

London Stock Exchange Group (LSEG) today announced it has signed Heads of Terms with Boat Services Ltd to build a MiFID II compliant Trade Reporting service. The new service will offer customers a single, multi-asset, pan-European reporting solution to help them meet their real-time MiFID II trade reporting obligations.

The new service will bring together London Stock Exchange plc and Boat Services’ existing MiFID compliant Trade Reporting services and will complement the Group’s T+1 MiFID and EMIR transaction reporting services, offered through UnaVista. London Stock Exchange will apply for Approved Publication Arrangement status, to facilitate Systematic Internaliser and OTC reporting, replacing current Trade Data Monitor (TDM) status.

Nicolas Bertrand, Head of Equity and Derivatives Markets, London Stock Exchange Group said:

“Signing this agreement with Boat Services represents an important step in creating a single, multi-asset Trade Reporting service for European capital markets. Responding to demand from customers, this partnership will bring a comprehensive reporting solution to market quickly, ahead of new reporting requirements under MiFID II.”

Jamie Khurshid, CEO of Boat Services Ltd said:

“We are delighted to be partnering with LSEG. With our combined strengths and complementary services, the partnership offers a one-stop shop to help ease the ever increasing and complex regulatory burden. Reporting services have been at the core of Boat’s business since its inception, now in partnership with LSEG that remains the case. We look forward to expanding and continually enhancing our services, across new asset classes in support of MiFID II and beyond.”

 

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For further information: 

Media

 

Tom Gilbert

Ed Clark

+44 (0)20 7797 1222

newsroom@lseg.com

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

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, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business;  and globeSettle, the Group’s newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE and Russell Indexes offer thousands of indices that measure and benchmark markets around the world.  The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.

Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

Further information on London Stock Exchange Group can be found at www.lseg.com

Further information on London Stock Exchange Group can be found at www.lseg.com