London Stock Exchange Group (LSEG) has teamed up with DTCC to launch a MiFIR compliant reporting service.
The deal will see DTCC’s Global Trade Repository establish a direct connection to LSEG-owned UnaVista’s MiFIR reporting service.
Final rules on MiFIR and MiFID II are due to be published this week, and LSEG said the new solution will be fully compliant with the new rules, in addition to its current EMIR post-trade reporting facility.
As a result, Global Trade Repository users can submit a single report combining both MiFIR and EMIR data elements, with MiFIR data extracted and routed to UnaVista for validation and reporting.
Users will also be able to use UnaVista’s interface for managing exceptions and gaining business insight.
The service is available now ahead of the expected go live date for MiFIR of Q1 2017.
Mark Husler, CEO of UnaVista, said: “MiFIR is designed to improve financial market transparency and both [DTCC and UnaVista] want to act early to respond to customers demand and ensure clients have as much time as possible to prepare for the upcoming regulatory changes.”