ISDA announces LSEG integration of digital regulatory reporting solution
The International Swaps and Derivatives Association (ISDA) has announced that the London Stock Exchange Group (LSEG) has integrated ISDA’s Digital Regulatory Reporting (DRR) solution into its TradeAgent post-trade platform to support standardised and automated regulatory reporting. ISDA stated that the DRR converts agreed industry interpretations of reporting requirements into machine-readable code and, when embedded within TradeAgent, provides a unified and shared interpretation of reporting rules to improve consistency and reduce ambiguity. LSEG explained that TradeAgent is a centralised platform for over-the-counter derivatives post-trade processing, offering trade confirmation and routing, a central data repository, and cashflow calculation and settlement, and that both TradeAgent and the DRR are built on the Common Domain Model, an open-source standard enabling consistent data representation and automation. ISDA, LSEG and the Financial Industry Business Ontology and Standards indicated that the integration is intended to enhance the accuracy and consistency of regulatory reporting, reduce operational complexity, and support wider adoption of standardised and automated processes across the derivatives trade lifecycle.