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The exchange has begun talks to seek repository status for its Transaction Reporting Service, a system it bought from UK regulator, the Financial Services Authority, earlier this year.
Mark Husler, head of business development for the LSE’s information services group, said: “We are in very early discussions with UK regulators about the possibility of using the UnaVista TRS as a registered trade repository for over-the-counter derivatives”.
David Lester, director of information services for the LSE, described the transaction as "excellent news for FTSE and the LSE”. He added: “Closer collaboration will create significant opportunities for our combined businesses, especially in derivatives, fixed income, transaction processing and information services".
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