UnaVista - MiFIR Transaction Reporting

UnaVista is already an Approved Reporting Mechanism (ARM) for MiFID. Our Transaction Reporting solution help firms meet all their regulatory transaction reporting obligations. Firms' data will be validated against the latest data sources to help firms spot errors before their reports reach the FCA, as well as assisting in the analysis of over- and under-reporting. UnaVista can be rolled out quickly, without the burden of unnecessary back-office, infrastructure and software costs.#

MiFIR Accelerator Programme

UnaVista have developed an Accelerator programme for firms looking at get ahead of the curve with MiFIR reporting. The programme includes access to a test tool that helps you understand what data you need and what format it needs to be in, a detailed field specification, regulatory training opportunities, early access to UAT systems, LEI readiness checks and preferential onboarding times.

Other key features include:

• MiFIR Reference Data

UnaVista has unique access to the source of much of the reference data required for MiFIR, including the SEDOL Masterfile, entire LEI database, MiFID eligibility lists. Many firms will need to request more LEIs because of the increased scope of MiFIR, UnaVista have developed a LEI Data Management tool to help firms understand whcih LEIs they are missing.

• MiFIR Reconciliation

UnaVista is a powerful reconciliation tool, this can now be used to provide you with the confidence in your MiFIR reporting. ESMA states firms should be reconciling what they send to an ARM with what they have reported, our 3-way reconciliation allows you to go on step further and check against what the regulators have received as well.

• MiFID II Trade Reporting APA

LSEG can provide MiFID II trade reporting services across all asset classes and as a Regulated Investment Exchange (RIE), we are a in a unique position to allow firms to get all the benefits of reporting their off-book business on-book

• MiFIR Transaction Reporting (Foundation and Advanced) Training

UnaVista has a number of training courses to help you and your team get up to speed on MiFIR reporting. Course will include an Introduction to MiFIR Course and a MiFIR Advanced Course for those who have day to day reporting obligations as well as those involved in reporting management and compliance.

• Get the benefit of our transaction reporting experience

London Stock Exchange has been transaction reporting since its inception in 1989. In 2010, working with major institutions, we created UnaVista Transaction Reporting. The service is more flexible, developed a wider choice of interfaces, and improved its validation. Now, it doesn’t just meet the FCA’s requirements – it exceeds them, reducing the risk of incorrect, late or duplicate reporting.

• Have one system for all of your transaction reports

UnaVista allows you to report on every reportable asset class, including derivatives with the new Aii code. If you are interested in connecting to other European regulators UnaVista has the capability, get in contact to discuss the options.

• Be confident you have been compliant

The FCA "encourage firms to regularly review the integrity of their transaction reporting to ensure they have been successfully submitted". UnaVista assists with this process by enabling firms to reconcile between their own back-office data, the data held by UnaVista and the data held by the FSA.

• Have a system with smart validation

UnaVista Transaction Reporting does all the mandatory validation you would expect. But it also validates the data by checking it against the reference data sources you choose, such as ESMA’s list of regulated markets, MiFID eligible securities and the London Stock Exchange’s SEDOL Masterfile. UnaVista enables users to correct exceptions manually, export selected reports, clear non-relevant exceptions, as well as a number of other exception management tools.

• Save the cost of middleware

You can submit transaction reports in any structured format, which UnaVista then standardises for FSA reporting. This reduces the need for expensive middleware.

• Know what’s happening in your business all the time

You can receive alerts based on your custom tolerances and thresholds for things like transaction volumes or transaction size. This ensures you are never surprised late on by a problem of which you were unaware.

• Improve your workflow

You can set different levels of access for individuals or groups, so people only see the information you want them to see. You can also set as many mandatory audit steps as you like. As a result, you’ll know that the right checks are in place. You’ll also have a full audit trail if you need to check back over things later on.

• Get the management information you need

You can use UnaVista to monitor trends within your transaction reporting, helping you identify where errors are recurring. You can use UnaVista to take a snapshot of all your transactions at any time, choose from a variety of report templates, or create your own custom report. You can even include a variety of charts from the dashboard.