The London Stock Exchange (LSE) has offered a transaction reporting service, dubbed the Exchange Reporting Service (ERS), since 2002, but has recently moved the service onto its web-hosted platform UnaVista. According to Mark Husler, head of information services business development at the LSE, the exchange operator decided to move the service onto the platform in order to be able to offer customers value added services including reference data validation for their transaction reports.
In light of the current review of MiFID going on at the European level (see recent coverage 
The UK Financial Services Authority’s (FSA) recent fining of German bank Commerzbank (see our coverage 
The UK Financial Services Authority (FSA) has fined Commerzbank £595,000 for transaction reporting failures stemming from underlying data errors, including the use of multiple internal codes for the same counterparties. The German bank’s fine may be a fraction of the £2.45 million imposed on Barclays last year (see 
The UK Financial Services Authority’s (FSA) February deadline for the introduction of the Alternative Instrument Identifiers (AII) is fast approaching and this week the regulator has granted Trax platform operator Xtrakter approval to regulatory report exchange traded derivatives (ETD) using the new identifiers. Jason Waight, Xtrakter’s recently appointed director of product management, explains to A-Team Insight that the development maintains its status as one of the two fully approved reporting mechanisms (ARMs) under MiFID.
January seems to be turning into the month for senior staff attrition at the US Securities and Exchange Commission (SEC); not only has ex-associate director of the enforcement division Fredric Firestone left the building (see 
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Six investment banks have joined forces with Markit to report volumes of cash equity trades crossed in their automated crossing systems, or dark liquidity pools. The aim of the initiative is to improve post-trade transparency in European over-the-counter (OTC) equity markets.
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