Euronext gains approval to operate APA and ARM ahead of MiFID II

Regulatory approval means Euronext can offer clients full reporting services under MiFID II.

Euronext has been given the green light to provide approved publication arrangement (APA) and approved reporting mechanism (ARM) functions ahead of MiFID II.

The French regulator Autorité des Marchés Financiers (AMF) handed Euronext the approval. 

Lee Hodgkinson, head of markets and global sales, described regulatory reporting as an important part of MiFID II because it provides security and transparency to European markets.

“This service, designed together with clients, will provide firms with a flexible solution to meet their obligations. We look forward to working with our clients on expanding our services going forward,” he added.

In August, the Financial Conduct Authority in the UK granted APA status to several major institutions ahead of MiFID II, including Tradeweb, MarketAxess’ Trax, NEX Regulatory Reporting, Bloomberg and the London Stock Exchange’s TRADEcho.

Similarly in October, Bloomberg, MarketAxess’ Trax, the London Stock Exchange Group’s UnaVista and NEX Group’s Abide Financial were handed approval to operate ARMs in the UK.