Boat steps up preparations for MiFID II
Regulatory approval has been granted by UK’s Financial Conduct Authority (FCA) enabling the trade reporting service TRADEcho to enter the final phases of preparation for MiFID II. The TRADEcho service is provided in partnership between Cinnober’s subsidiary Boat Services Ltd and the London Stock Exchange Group. The approval to be authorized as an APA (approved publication arrangement) means that TRADEcho can publish post-trade transparency reports on behalf of investment firms to help them meet their reporting obligations under the European Union’s Markets in Financial Directive II (