Torstone Connects to LSE's UnaVista for MiFIR Reporting

Torstone's transaction reporting clients can now send data to the London Stock Exchange's Approved Reporting Mechanism for MiFIR compliance.

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Torstone officials say that a testing environment is now ready for user testing, ahead of the regulation coming into force in January 2018. UnaVista is an Approved Reporting Mechanism under MiFIR. Clients of Torstone's Inferno service can send data to UnaVista, which in turn is connected to all the National Competent Authorities (NCA) in Europe.

Torstone chief executive Brian Collings says the vendor hopes to provide clients with an efficient means of achieving compliance, as well as access to