13 November 2017
Reporter: Jenna Lomax

MTS and UnaVista to collaborate for SFTR

The London Stock Exchange’s (LSE) UnaVista is collaborating with electronic fixed-income trading market MTS to offer a regulatory reporting solution for firms operating under the securities financing transactions regulation (SFTR).

The collaboration means that firms trading on MTS’s new global collateral management (GCM) segment will be able to use UnaVista’s trade repository for things like repo trades.

Market participants with a connection to UnaVista Trade Repository, and that trade repo contracts on the new GCM segment of MTS BondVision, will be able to match initial trade data fields. This will create an entry in the UnaVista portal, which can then be populated with additional data.

MTS’s GCM segment enables the trading of bilateral and centrally cleared repo contracts between sell-side and buy-side participants.

SFTR require firms to report transactions including repo trades to an approved EU trade repository.

The proposed regulation, expected to come into effect in 2019, covers SFTs conducted by any firms established in the EU. UCITS funds and alternative investment fund managers funds will also be subject to SFTR.

UnaVista Trade Repository went live for European Market Infrastructure Regulation trade reporting in 2014, helping clients to comply with reporting obligations.

LSE explained: “The collaboration will provide a single solution for the trading and reporting of SFTs with seamless front-to-back reporting of Unique Transaction Identifiers, timestamps, International Securities Identification Numbers and other product identifiers.”

Fabrizio Testa, CEO of MTS commented: “Our new GCM segment offers customers an automated, regulated and orderly market for repo transactions. Linking up with UnaVista to offer our clients a reporting solution for their repo trading ahead of the introduction of SFTR was a natural fit.”

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