Maroclear selects UnaVista technology for trade repository solution

  • Builds on strategic relationship between LSEG and Morocco
  • Maroclear previously signed agreements with Monte Titoli

London Stock Exchange Group (LSEG) announced today that Maroclear, the Moroccan Central Depository of Securities (CSD), has selected UnaVista to provide the trade repository technology to sustain the emergence of Casablanca as a financial hub for Africa.

Following on from the G20 commitment, Maroclear will be the first African CSD to implement a trade repository service. UnaVista will provide the trade repository technology, which will be hosted and operated by Maroclear, enabling firms to fulfil their regulatory obligations.

UnaVista’s technology gives Maroclear the control to validate, enrich, and reconcile transactions on all markets of its clients, and provide the tools for the authorities to identify potential market abuse or systematic risk.

Maroclear previously signed an assisted registration partnership with LSEG for the allocation of Legal Entity Identifiers (LEIs) and with LSEG’s CSD, Monte Titoli, to provide access to European securities settlement infrastructure. This partnership follows on from the strategic agreement between LSEG and Morocco to offer a number of infrastructure services, helping to strengthen the economic relationship between the UK and North West and Central African emerging economies.

Mark Husler, Global Head of Product Management, Information Services, LSEG said: “UnaVista is delighted to work with Maroclear on this project to deliver world class market infrastructure to Morocco and the North West and Central African region as a whole. Following our recent partnership agreement with SIX Group, we are pleased to support another global infrastructure provider with the trade repository technology it needs to be ahead of the regulatory curve. UnaVista’s technology has been receiving plaudits for its flexibility, speed of implementation, reliability and ease of use, which makes it the ideal technology for any market that wants to be able to react and evolve with ongoing regulatory requirements.”

Fathia Bennis, CEO, Maroclear said: “Our relationship with LSEG is very strong and this latest partnership will allow us to provide our clients with the most robust and functionally rich trade repository platform available. By implementing UnaVista’s advanced technology, Maroclear can not only lead the way on the African continent, but also stay ahead of regulatory and technical developments globally.”

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For further information:

Media 
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