TRADEcho is the suite of reporting services hosted and operated by the London Stock Exchange.
TRADEcho was formed in direct response to client feedback for compliant, simplified, cost effective reporting services. With MiFID II on the horizon, the London Stock Exchange used their strengths to form a team of industry, regulatory and technical experts, bringing together the complementary strengths of OTC reporting and on exchange reporting. Alongside partners in the group, such as UnaVista we truly are a one-stop shop for pre and post trade reporting.
TRADEcho’s services cover all MiFID II asset classes and provide firms with the tools to meet their pre and post-trade transparency obligations, this includes SI Determination, SI Quoting, Smart Report Routing and Trade Publication.
TRADEcho operates as an Arranged Publication Arrangement (APA) applying relevant deferrals to provide the market with a clear and concise tape of a firms' trades. TRADEcho's APA provides Investment Firms with a mechanism to publish trades they have executed and thereby meet their MiFIR/MiFID II post-trade transparency obligations. Trades are published across all asset classes in line with the regulatory reporting timeframes. Together with UnaVista: firms can enjoy seamless trade and transaction reporting in one experience; helping ease the regulatory burden for financial firms. Additionally, TRADEcho data flows seamlessly into the UnaVista platform for MiFIR transaction report enrichment and reconciliation.
ABOUT THE LONDON STOCK EXCHANGE GROUP
London Stock Exchange Group (LSEG) 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 Italia; MTS, Europe’s leading fixed income market; and Turquoise, a pan-European equities MTF. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista and RNS. Further information on The Group can be found at www.lseg.com.