Off-book trade reporting

TRADEcho

TRADEcho is the suite of reporting services operated by London Stock Exchange.  As well as providing on Exchange off-book trade reporting, it is approved as an Arranged Publication Arrangement (APA) providing over the counter (OTC) and systematic internaliser (SI) trade reporting in all MiFID II securities, regardless of the asset class.

On exchange, off book trade reporting

All securities that appear on that day’s London Stock Exchange’s market reference data file are available for on-exchange, off-book trade reporting (i.e. executions subject to the Rules of London Stock Exchange). Where a trade is executed on-exchange, the relevant market identifier code (MIC) will be published as the execution venue:

  • XLON:  Executed on London Stock Exchange regulated market
  • XLOM: Executed on London Stock Exchange multilateral trading facility (MTF), but not including AIM
  • AIMX: AIM security executed on London Stock Exchange MTF

The Millennium Exchange & TRADEcho Business Parameters document sets out which trading service each segment/sector combination belongs to and identifies the categorisation of individual instruments.

As well as all securities directly admitted by London Stock Exchange (Main Market, AIM, Professional Securities Market, International Securities Market and Admission to Trading only), London Stock Exchange also provides an extensive universe of equity and equity-like securities admitted by other European Economic Area (EEA) regulated markets and MTFs for on-exchange trade reporting as follows:

  • Those deemed liquid by European Securities and Markets Authority (ESMA) are on the European Quoting service (EQS)
  • Those deemed not liquid by ESMA are SSX4 SXEL of SETSqx.

If you are a London Stock Exchange member firm interested in using this service or have any comments or questions regarding our TRADEcho on Exchange trade reporting please contact clients@lseg.com 

Millennium Exchange and TRADEcho Business Parameters
Find out more about our suite of reporting services

Approved APA

  • The TRADEcho APA service also provides OTC and SI trade reporting outside the Rules of London Stock Exchange in the full spectrum of MiFID II securities, under the APA regime. The service is available to both members and non-members of London Stock Exchange. For more information on the full range of TRADEcho pre- and post-transparency MiFID II services browse the TRADEcho website.
  • Alternatively, please contact TRADEcho Sales: 

Approved Six Swiss Exchange TDM

  • TRADEcho is also approved by SIX Swiss Exchange as a trade data monitor (TDM). This allows remote members of SIX Swiss Exchange to report trades in securities admitted for trading on a Swiss-venue OTC. If you are a SIX Swiss Exchange remote member and would like TRADEcho to send your OTC Swiss-trading activity to SIX in order to meet your Swiss obligations, please contact the Membership Team at London Stock Exchange. 

 

Documents and downloads

26.02.20, PDF, 248.62KB

London Stock Exchange welcomes TRADEcho

London Stock Exchange welcomes TRADEcho

TRADEcho is the Pan-European MiFID II transparency service for financial firms, offered jointly by London Stock Exchange and Boat Services.

London Stock Exchange and Boat currently manage a substantial share of firms’ MiFID trade reporting. By combining their existing trade reporting services and utilising the respective strengths

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