TRADEcho launches MiFID II Smart Report Router | Financial Industry & Algorithmic Trading News

Brian Schwieger, London Stock Exchange

Brian Schwieger, London Stock Exchange

MiFID II requires the publication of trades to the market as
close to real time as possible. The Smart Report Router from Boat
Services and London Stock Exchange’s TRADEcho service, determines
if and when the buy or sell side counterparty should publish the
trade, and where there is a requirement it routes that trade to
an Approved Publication Arrangement (APA) of choice for
publication.

Testing of the SRR is now available to clients in the CDS
(Customer Development Service) environment of London Stock
Exchange. Additional functionality will be added to the service
through 2017 in response to client demands and regulatory
guidance helping clients satisfy their MiFID II post-trade
transparency requirements.

Brian Schwieger, Global Head of Equities Product, London Stock
Exchange said: “We will continue to add functionality to our
service in 2017 in response to customer demand, to provide a
comprehensive reporting solution ahead of the new reporting
requirements under MiFID II.”

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