LSE gets MiFID II ARM nod


London Stock Exchange plc has today received regulatory approval from the UK’s Financial Conduct Authority (FCA) to be authorised as an ARM (Approved Reporting Mechanism) through its UnaVista platform.

The approval means that UnaVista is able to offer transaction reporting services for its customers to help them in meeting their reporting obligations under MiFIR.

UnaVista is one of the largest ARMs in Europe under the current MiFID regime and is now ideally positioned to offer an enhanced service, covering the broader scope of instruments and the increased number of reportable fields under MiFIR.

UnaVista’s ARM will be connected to all European National Competent Authorities (NCAs), so its customers will not need to build and manage connections to each of the NCAs themselves. Using the ARM service, customers can send in all of their data from multiple sources and UnaVista will determine which transactions are reportable and which competent authorities to send it to. UnaVista will also be offering an assisted reporting model for customers who want to connect via their broker or technology partner.

The ARM is part of LSEG’s MiFID II and MiFIR reporting services, which also include an APA service for trade reporting provided through TRADEcho, a partnership between London Stock Exchange and Boat Services.

Mark Husler, CEO of UnaVista said:

“We are delighted to have received regulatory approval to be authorised as an ARM under MiFIR. Through our enhanced UnaVista offering and the recently approved TRADEcho platform, LSEG can offer customers a single connectivity solution for all their real time publication and reporting requirements under MiFID II and MiFIR for both on-exchange and OTC transactions. We already have hundreds of clients testing on our platform and benefiting from our experience of preparing firms for regulatory go-live.”

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