London Stock Exchange Group’s UnaVista today announced it has welcomed more than 20 firms to its Partner Programme in the first half of 2017. The Partner Programme was launched to bring together the world’s leading financial services and regulatory technology firms to increase efficiency and reduce operational and regulatory risk for clients.
The UnaVista Partner Programme builds on London Stock Exchange Group’s open access approach to capital markets, which is based on the principle that markets are better served by a diversity of suppliers, providing transparency and choice. The programme was launched to combine expertise ahead of the introduction of MiFID II but has grown to incorporate a range of other global regulations including Market Abuse Regulation (MAR), Global Derivative Trade Reporting and Consolidated Audit Trail (CAT). Partners have access to UnaVista’s MiFID II ARM test environment along with a number of ancillary tools such as training and technical support.
A full list of UnaVista’s partners can be found here.
Wendy Collins
Wendy Collins, Global Head of Strategic Partnerships UnaVista, LSEG said:
We launched the Partner Programme because we know from experience that sharing expertise improves efficiency, helping clients reduce operational risk for the benefit of the market as a whole. We are fast building a leading RegTech community from across the financial services landscape that will provide clients with the tools to comply with a range of global regulations.
Spiros Giannaros, Managing Director and Global Head of Enterprise Data Management (EDM), IHS Markit added:
As an extension to our established regulatory reporting service, we have built a MiFID II transaction reporting solution which includes standardized processes for data control, exception management, audits and reporting. Partnering with UnaVista means that our joint customers will benefit from a ‘plug and play’ regulatory reporting solution that will reduce implementation times and support compliance with MiFID II. An additional benefit is that the solution serves as a data hub enabling firms to send transaction and reference data to other consumers such as transaction cost analysis and best execution providers as well as internal data warehouses.
Adam De Rose, Associate Director, Product Management, Eze Software commented:
We’re very excited to partner with UnaVista on this important initiative. At Eze Software we have a range of programmes focused on MiFID II-related improvements across Investment Suite, but we strongly believe that collaborating and partnering with leading third parties is often the optimal way of helping our clients achieve their objectives. In the case of MiFIR transaction reporting, combining UnaVista’s capabilities as an Approved Reporting Mechanism with Eze Software’s MiFID II data capture and workflow enhancements, as well as having access to the LSE’s training and UAT environment, will help both companies provide better service to our mutual clients.
Samer Ballouk, Global Head of Product Management, Treasury and Capital Markets at Finastra concluded:
We’re always looking at how we can extend our solutions to best meet our clients’ changing needs. It makes sense for us to partner with a leading provider like UnaVista to offer our customers access to an additional well-established reporting mechanism. The move builds out our trade and transaction reporting functionality and offers our customers additional choice and flexibility.