The London Stock Exchange Group’s UnaVista, its MiFID-Approved Reporting Mechanism (ARM), has made user acceptance testing (UAT) available for MiFIR transaction reporting 17 months ahead of expected go-live.
Mark Husler, CEO UnaVista said: “This is a big step in the process for helping clients get ready in time for MiFIR Reporting go-live. We are delighted to have Credit Suisse as one of the first clients to start testing in UAT. There are large scale changes and a vast amount of data that will need to sourced and configured, so it is important that reporting firms start testing sooner rather than later. We believe we have built an ARM that not only helps firms be completely compliant, but one where they can also use the information reported to improve their business processes.”