13 November 2017
London
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.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Foreign investment in US down
19 February 2018 | Washington DC | Reporter: Brian Bollen
Official figures, released 15 February, by the US Department of the Treasury show a drop in foreign investment in the US in December
Minium, IBM and Promontory release joint white paper
19 February 2018 | London | Reporter: Jenna Lomax
The patchwork of outdated systems most firms use today is not fit for purpose, according to a white paper jointly released by Minium, IBM and Promontory
Euroclear reports strong 2017 operating performance
19 February 2018 | Brussels | Reporter: Jenna Lomax
The value of securities held for Euroclear clients was up 3 percent year-on-year, reaching a record €28.6 trillion for 2017
Ricky Maloney rejoins Eurex
19 February 2018 | London | Reporter: Jenna Lomax
He previously worked at Eurex from 2013 to 2016 as head of OTC clearing sales and relationship management
BoE release consultation on a new rule for central counterparties
16 February 2018 | London | Reporter: Jenna Lomax
BoE states that this proposed rule of written notice would “support the UK Government’s approach to the implementation of the EU Network and Information Systems Directive”
ASX sees 5.8 percent increase in collateral management activity
16 February 2018 | Sydney | Reporter: Jenna Lomax
The increase in the use of derivatives and OTC was due to a rise in futures trading, OTC clearing and collateral management activity
Citi’s agency lending sales chief departs
16 February 2018 | New York | Reporter: Drew Nicol
Citi’s Americas head of sales for it’s agency securities lending, collateral management, and separate account cash management businesses, Jeff Bonaldi, has left to pursue a number of entrepreneurial ventures