The one-stop shop for MIFID II transparency services
TRADEcho is the suite of MiFID II reporting services hosted and operated by the London Stock Exchange. As well as providing on exchange off-book trade reporting, it is approved as an arranged publication arrangement (APA) in the United Kingdom (UK) and European Union (EU), providing OTC and SI trade reporting in all MiFID II securities, regardless of the asset class.
TRADEcho’s pre-trade services (SI Determination and SI Quoting) keep firms informed of their SI status and enables quote publication via the London Stock Exchange market data channels or the TRADEcho SI quoting website.
TRADEcho's APA provides firms in the UK and EU with:
- The mechanism to report executed trades, fulfilling their MiFID II post-trade transparency obligations.
- The ability to publish trades across all asset classes in line with the regulatory reporting timeframes, applying relevant deferrals.
- The capability to provide the market with a clear and concise tape of a firm’s trades.
TRADEcho is authorised as an APA by the UK’s Financial Conduct Authority (FCA) and the European Securities and Markets Authority (ESMA) in the EU
Smart Report Router (SRR)
TRADEcho’s smart report router (SRR) enables both buy and sell-side firms with the ability to:
- Determine if and when they have a reporting obligation.
- Meet their trade reporting obligations whilest being able to demonstrate to regulators that they have applied the appropriate measures to do so.
- Route trades that require reporting to an APA for publication to TRADEcho’s APA or another of their choosing.
- Reduce the cost of connecting directly to multiple APAs.
- Enable assisted reporting, allowing sell-side firms to report on behalf of their clients providing real-time visibility of the reporting lifecycle, while keeping connectivity and development costs down.
TRADEcho offers unparalleled experience in regulatory reporting, allowing firms to meet their trade reporting obligations efficiently.
Our services
Interested in finding out more about TRADEcho?
If you’d like to talk to us about TRADEcho, please contact us via the form and a member of our team will be in touch.
