Bli medlem
Bli medlem

Du är här

2016-06-07

Cinnober Financial Technology AB: LSEG and Boat Services launch TRADEcho - new multi-asset class MiFID II Trade Reporting solution

- TRADEcho brings together London Stock Exchange plc and Boat Services' existing trade reporting services

- Pre & post-trade solutions will cover all MiFID II asset classes

- Complements LSEG's UnaVista's MiFID II transaction reporting service

London Stock Exchange Group (LSEG) and Boat Services Ltd today
announce the launch of TRADEcho, the combination of the two
companies' existing and complimentary trade reporting services. By
early Q1 2017, TRADEcho will offer customers a more efficient, single
trade reporting venue and complement LSEG's T+1 MiFID and EMIR
transaction reporting services, offered through UnaVista.

In addition, TRADEcho will provide a single, multi-asset, pan-European
reporting solution to help customers meet all of their new MiFID II
trade reporting obligations, well ahead of MiFID II's 2018
implementation.

TRADEcho's key services include:

· Trade Reporting: TRADEcho supports the new requirements of
investment firms and trading venues for real time OTC trade reporting

· SI Quoting: TRADEcho will publish quotes via London Stock Exchange
market data feeds, market data vendors and the service's portal as
well as offer white labelled portals to SIs, who will be able to
manage client access to the portal

· On exchange, off book: TRADEcho provides London Stock Exchange
member firms post-trade reporting services for on-exchange trades, to
help customers manage investment mandates, counterparty risk through
default rules and buy-in rules

· Cleared model: TRADEcho will provide a sophisticated trade
validation and risk management tool to allow trade reports to be
flagged for onward routing to a CCP. This will facilitate settlement
and margin savings through netting with order book trades

· New multi-service web portal: TRADEcho will operate via a new
web-based portal supporting the above services as well as providing
reference data

Further details are available at www.tradecho.com
(http://file///Z:/D0%20Kom%20o%20Profilering/D0%20PR/D0%20Releaser%20o%20...)

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

"TRADEcho aims to be the platform of choice for trade reporting in
Europe and will start by covering equities and fixed income.
Responding to demand from customers, this partnership delivers with
exceptional combined technical and compliance expertise, a
comprehensive reporting solution to market quickly, ahead of new
reporting requirements under MiFID II."

Jamie Khurshid, CEO, Boat Services said:

"TRADEcho is the culmination of almost a decade of experience from
Boat and the London Stock Exchange. We have brought together the two
most significant regulatory reporting and transparency solutions in
operation since MiFID was introduced in 2007.

"Real-time regulatory reporting is our core business, we are the
industry experts, and through our partnership we have a wealth of
regulatory, technical and trading expertise between us. This is why,
when we go live with our MiFID II Multi asset-class APA solution, we
will without a doubt be the premier destination for financial firms
to not only meet their trade reporting obligations but exceed them
with our additional services."

Under the terms of the partnership, London Stock Exchange will host
and operate TRADEcho's new reporting service. Boat Services will be
responsible for Business development and marketing.

- Ends -

For further information:
Media
Tom Gilbert Fredrik Backlund
+44 (0)20 7797 1222 Tel. +46-(0)73 403 12 39
newsroom@lseg.com fredrik.backlund@cinnober.com

Notes to editors:

About Boat Services

Boat was established in 2007 in response to the regulatory pressures
introduced when MiFID was implemented, offering MTFs, SIs and
investment firms an easy and cost-efficient way to comply with the
new transparency obligations. Ever since, Boat has operated with
exceptional uptime, and is the trade data monitor (TDM) with the most
comprehensive offering of reportable instruments, including more than
10,000 stocks and ETFs across Europe, the Swiss and Russian markets.
Ever since Boat's inception, its core technology has been supplied by
Cinnober. In 2014 Cinnober acquired Boat ensuring the continued
existence of a specialized provider, committed to the long term
delivery of transparency services under MiFID II and MiFIR. For
further information, please visit www.theboatplatform.com

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is an international markets
infrastructure business. Its diversified global business focuses on
capital formation, intellectual property and risk and balance sheet
management. LSEG operates an open access model, offering choice and
partnership to customers across all of its businesses. The Group can
trace its history back to 1698.

The Group operates a broad range of international equity, ETF, bond
and derivatives markets, including London Stock Exchange; Borsa
Italiana; MTS (Europe's leading fixed income market); and Turquoise
(a pan-European equities MTF). Through its platforms, LSEG offers
market participants, including retail investors, institutions and
SMEs unrivalled access to Europe's capital markets. The Group also
plays a vital economic and social role, enabling companies to access
funds for growth and development.

Through FTSE Russell, the Group is a global leader in financial
indexing, benchmarking and analytic services with approximately $10
trillion benchmarked to its indexes. The Group also provides
customers with an extensive range of real time and reference data
products, including SEDOL, UnaVista, and RNS.

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

LSEG is a leading developer and operator of high performance
technology solutions, including trading, market surveillance and post
trade systems for over 40 organisations and exchanges, including the
Group's own markets. Additional services include network
connectivity, hosting and quality assurance testing. MillenniumIT,
GATElab and Exactpro are among the Group's technology companies.

Headquartered in the United Kingdom, with significant operations in
North America, Italy, France and Sri Lanka, the Group employs
approximately 5,500 people.

Further information on London Stock Exchange Group can be found at
www.lseg.com
(http://file///Z:/D0%20Kom%20o%20Profilering/D0%20PR/D0%20Releaser%20o%20...)

-----------------------------------------------------------
http://news.cision.com/cinnober-financial-technology-ab/r/lseg-and-boat-...
http://mb.cision.com/Main/5529/2024134/525378.pdf

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.