Ullink is pleased to announce that 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 our customers to access TRADEcho's MiFID II reporting services to correctly meet their regulatory transparency obligations.
"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 to help alleviate this challenge." - Richard Bentley, ULLINK's Chief Product Officer