Value proposition

The One-Stop Shop for MiFID II Transparency Services. Owned and operated by the London Stock Exchange.

TRADEcho the real-time pre and post-trade publication service for MiFID II, brought to market by London Stock Exchange’s (LSE) and Simplitium (formerly Boat Services). The service brings together over ten years of trade reporting experience and regulatory expertise to provide firms with a world class solution for their MiFID II transparency obligations.

With MiFID II on the horizon, the LSE and Simplitium chose to combine their strengths to form a team of industry, regulatory and technical experts, bringing together the complementary strengths of Simplitium’s OTC reporting and LSE’s primarily on exchange reporting. By combining the two existing reporting platforms, the partnership can offer an unparalleled breadth and quality of service.

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 will be operated as an Approved 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; helping ease the regulatory burden for financial firms.

Further information can be found at www.TRADEcho.com

MiFID II, Trade Reporting, APA, Compliance, MiFID 2, Pre-Trade Transparency, Post-Trade Transparency, RegTech, Transparency Services, Equities, Derivatives, Fixed Income, FX, and Commodities