Off-Book Trade Reporting

TRADEcho is the suite of reporting services operated by London Stock Exchange (LSE). As well as being authorised as an Approved Publication Arrangement (APA) by the FCA in the UK and ESMA in the EU, it also provides off book on exchange trade reporting under the rules of the LSE.

All securities that appear on that day’s London Stock Exchange’s market reference data file are available for on-exchange, off-book trade reporting (i.e. executions subject to the Rules of London Stock Exchange). Where a trade is executed on-exchange, the relevant market identifier code (MIC) will be published as the execution venue:

• XLON: Executed on London Stock Exchange UK regulated market
• XLOM: Executed on London Stock Exchange multilateral trading facility (MTF), but not including AIM
• AIMX: AIM security executed on London Stock Exchange MTF
  

The Millennium Exchange & TRADEcho Business Parameters document sets out which trading service each segment/sector combination belongs to and identifies the categorisation of individual instruments.

As well as all securities directly admitted by London Stock Exchange (Main Market, AIM, Professional Securities Market, International Securities Market and Admission to Trading only), London Stock Exchange also provides an extensive universe of equity and equity-like securities admitted by European Economic Area (EEA) regulated markets and MTFs for on-exchange trade reporting as follows:

• Those deemed liquid by European Securities and Markets Authority (ESMA) are on the European Quoting service (EQS)
• Those deemed not liquid by ESMA are SSX4 SXEL of SETSqx

If you are a London Stock Exchange member firm interested in using this service or have any comments or questions regarding our TRADEcho on Exchange trade reporting please contact clients@lseg.com

• The TRADEcho service also provides UK and EU MiFIR OTC and SI trade reporting. It is authorised to operate as an APA by the FCA in the UK and ESMA in the EU. The service is available to both members and non-members of London Stock Exchange. Find out more about the full range of TRADEcho pre- and post-transparency MiFID II services.
• Alternatively, please contact TRADEcho Sales: 
  • Telephone: +44 (0) 20 7382 7650
  • e-mail: tradecho@lseg.com