We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,785 News Articles

London Stock Exchange acquires FSA reporting service

£15m purchase sees LSE take on more broker clients

The London Stock Exchange is acquiring the FSA's transaction reporting service for £15 million.

Subject to Office of Trading clearance, the LSE will incorporate the FSA's transaction reporting service (TRS) into its own web-hosted UnaVista approved reporting mechanism (ARM).

The LSE said existing FSA TRS clients "will benefit from UnaVista's significant functionality enhancements", as well as the opportunity to use the same user interface to access other systems on the UnaVista platform, including reconciliations and the multi asset class trade confirmation portal.

David Lester, director of information services at the LSE, said: "Customers will benefit from a significantly improved product. This underlines our commitment to our customers in assisting them with all their execution and trade processing needs."

Next year, the FSA will be replaced by the new Prudential Regulatory Authority (PRA) - part of the Bank of England - and the Financial Conduct Authority (FCA), a new government agency.

Despite being on the way out, the FSA has recently signed IT services deals with both Capgemini and Steria. The services provided will support the transition to the FSA's succesor bodies and their own IT needs.

This spring the LSE completed the migration of its technology to its new Millennium Exchange platform, which came after weeks of severe technical problems.


IDG UK Sites

Google Fit vs Apple Health Kit: What's the difference?

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Introducing generation tech

IDG UK Sites

Government kills £50 million 'Silicon Roundabout' regeneration fund