Torstone Technology has connected to the London Stock Exchange’s (LSE) UnaVista platform as an approved reporting mechanism (ARM) ahead of MiFIR reporting.
Users of Torstone’s Inferno compliance tool will be able to comply with the transaction reporting requirements under the MiFIR by sending data through Inferno into UnaVista’s ARM.
The LSE’s UnaVista is connected to all required National Competent Authorities (NCAs) in Europe, so firms can comply with reporting requirements in one place.
Wendy Collins, global head of partners at UnaVista, explained partnering with other technology providers “is key to providing a complete service to help financial institutions of all sizes and complexity to comply with the new regulatory framework.”
Brian Collings, chief executive officer at Torstone Technology, added clients using the service “can achieve efficient and cost-effective compliance and gain access to our qualified team of specialists who can assist them in the simplification of their reporting obligations to NCAs.”
Torstone’s testing environment is now available, ahead of MiFIR’s reporting deadline in January 2018.