Oslo Børs has partnered with UnaVista to provide transaction reporting for UnaVista’s trading members.
According to Oslo Børs, a transaction reporting agreement with UnaVista will enable Oslo Børs to regain the opportunity to onboard trading members to Oslo Børs domiciled in countries outside the EU/European Economic Area (third country members).
It will also help UnaVista prepare for Brexit and give UnaVista the ability to retain existing UK-based members in the event of a "hard-Brexit".
UnaVista, part of The London Stock Exchange (LSEG), is an approved reporting mechanism (ARM) helping firms fulfil their compliance obligations for global regulations including the second Markets in Financial Instruments Directive (MiFID II), European Market Infrastructure Regulation and the Securities Financing Transactions Regulation.
According to Oslo Børs, UnaVista’s collection of solutions and capabilities will ensure that Oslo Børs and its members fulfil their regulatory reporting obligations in an efficient way.
Oslo Børs and its member firms will also be able to benefit from UnaVista’s experience in areas such as continuing professional development-certified regulatory training, technical platform training and extensive product documentation.
The transaction reporting will be based on a tri-party partnership. Oslo Børs and relevant trading members will maintain separate agreements with UnaVista.
UnaVista helps a variety of market participants report more than 8 billion transactions annually for EMIR and Markets in Financial Instruments Regulation across all asset classes.
Oslo Børs previously worked closely with LSEG in 2009 in areas such as technology development and shared data centres.
Bente Landsnes, CEO and president of Oslo Børs, said: “UnaVista will provide more than just a platform. Oslo Børs is confident UnaVista will help Oslo Børs and our customers to fulfil regulatory reporting obligations.”
Wendy Collins, managing director, global head of partners at UnaVista, commented: “This partnership continues to build on the existing relationship between LSEG and Oslo Børs allowing their member firms to utilise UnaVista’s market-leading ARM capabilities.”
