Source: London Stock Exchange
London Stock Exchange announced today that their first month of acting as a Pre-Local Operating Unit (LOU) allocating their Pre-Legal Entity Identifier has been a success.
Approximately 1000 new users have signed up to the London Stock Exchange's Pre-LOU platform UnaVista, to access the consolidated view of all global LEI data. LEI codes have been allocated for companies based in 3 continents Europe, North America and Asia Pacific.
Mark Husler, Head of Product Management, Information Services, London Stock Exchange Group, stated:
"The breadth and range of companies signing up to UnaVista to access the LEI data is impressive. It is clear that firms are keen to have a holistic and transparent view of the global entity data. Having access to this range of data will assist firms in meeting their regulatory needs such as EMIR."
London Stock Exchange have recently added a new bulk registration functionality to UnaVista to assist larger firms with multiple entities to easily register for their LEIs. Firms will be able to populate a single file with all of the information to avoid typing in individual entries.
UnaVista is a matching and reconciliation platform that allocates ISINs and SEDOL codes globally. UnaVista has over 700 clients processing over 1.5 billion transactions a year on its MiFID Transaction Reporting service and provides a number trade confirmation, matching and reconciliation services designed to help reduce operational and regulatory risk. UnaVista has also applied to ESMA to become a Trade Repository.