ULLINK Now Certified with TRADEcho for MiFID II Trade Reporting
Paris/London, 29 August, 2017– ULLINK, the global provider of electronic trading and connectivity solutions to the financial community, today announced it has successfully certified its MiFID II Trade Reporting solution with TRADEcho, the Approved Publication Arrangement (APA) of the London Stock Exchange (LSE) that provides comprehensive pre- and post-trade transparency services.
ULLINK’s Trade Reporting solution offers a centralised approach to automating cross-asset class trade reporting by publishing relevant information to third parties like TRADEcho, operating under an APA. TRADEcho combines the expertise of the LSE and Boat Services to provide compliant, simplified and cost-effective reporting services including systematic internaliser (SI) Determination, SI Quoting, Smart Report Routing and cross-asset class Trade Publication covering all MiFID II instruments. Certification of ULLINK’s solution with TRADEcho ensures market participants can access TRADEcho’s MiFID II reporting services to ensure our customers correctly meet their regulatory transparency obligations.
Daniel Shepherd of TRADEcho commented, “ULLINK is a recognised leader for connectivity and trading services in the Capital Markets industry and we are delighted to certify the ULLINK Trade Reporting solution for TRADEcho. We have and continue to see enormous interest in our pre-trade and post-trade compliance services from both buy-side and sell-side participants, and we look forward to working closely with ULLINK customers to help them fulfill their MiFID II reporting obligations, and potentially as important, to facilitate assisting their customers to also.”
Richard Bentley, ULLINK’s Chief Product Officer, added, “As the MiFID II deadline approaches, the shrinking time windows to report plus the broader set of instruments being covered is causing many challenges for both sell-side and buy-side participants. Firms must ensure they are able to publish relevant trades in near real-time to fulfill post-trade transparency requirements. Our partnership with TRADEcho compliance services will help alleviate this challenge.”
ULLINK’s Trade Reporting and APA connectivity solutions are delivered as extensions of ULLINK’s UL BRIDGE middleware, the core FIX infrastructure at the heart of ULLINK electronic trading solutions. The solution can be deployed on-premise or as a managed service, as part of a broader High-Touch or Low-Touch trading platform or a standalone service to enable an existing trading system.
Mireille Adebiyi Marketing & Communication Director
Tel.: +33 (0)1 33 49 95 30 00 email@example.com
Daniel Shepherd Head of Sales
Tel.: +44 20 3866 9706 firstname.lastname@example.org
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, Assisted Reporting and Trade Publication. TRADEcho will be operated 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 will be 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; ensuring compliance in an increasingly complex regulatory landscape.