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Trax and Bats Europe connect for MIFID II equities trade reporting

First Published 15th June 2017

Trax and Bats Europe provide routing connectivity via single reporting link for direct or assisted reporting.

Jerry Avenell, Bats Europe

Jerry Avenell, Bats Europe

London - Trax and Bats Europe have announced plans to offer Trax Approved Publication Arrangement (APA) customers the choice to direct equity trade reports to the Bats APA in order to help market participants comply with MiFID II post-trade transparency obligations.

By linking directly to Trax, firms can reduce technical burdens through a single reporting connection and improve flexibility in reporting designation by routing reports to either the cross-asset class Trax Approved Publication Arrangement (APA) or the Bats APA for equities.

Jerry Avenell, Co-Head of Sales at Bats Europe said, "Market participants are looking for simple solutions to meet the new trade reporting requirements coming under MiFID II. By collaborating with Trax to provide their customers with streamlined access to the Bats APA for their equity reporting needs, we're making it easier for firms to meet their regulatory requirements."