LSEG鈥檚 TradeAgent integrates ISDA鈥檚 DRR solution
18 March 2026 US
Image: Pete/stock.adobe.com
The London Stock Exchange Group (LSEG) has integrated the International Swaps and Derivatives Association鈥檚 (ISDA鈥檚) Digital Regulatory Reporting (DRR) solution into its Post Trade Solutions business, TradeAgent.
The move represents a milestone in the industry deployment of the ISDA DRR 鈥� a solution which converts an industry-agreed interpretation of reporting requirements into unambiguous, machine-readable code and has been applied to eight sets of reporting rules globally.
By integrating the solution within TradeAgent, the new market utility will have the certainty of a unified, mutualised industry interpretation of reporting rules.
Scott O鈥橫alia, ISDA CEO, states: 鈥淚ntegration of the ISDA DRR within the TradeAgent platform is an important step forward in the broad adoption of the Common Domain Model and ISDA DRR.
鈥淏y embedding the CDM and the DRR into post-trade platforms as LSEG has done, industry service providers can achieve greater standardisation and automation, improve the accuracy and consistency of regulatory reporting, and reduce operational complexity across the trade lifecycle.鈥�
TradeAgent is a centralised OTC derivatives post-trade processing platform designed to eliminate inefficiencies and streamline workflows through three services: trade confirmation and routing; a central authoritative data store; and calculation and settlement of bilateral cash flows.
As with the ISDA DRR, TradeAgent is built on the Common Domain Model (CDM), an open鈥憇ource data standard for financial products, trades, and lifecycle events, which provides the vital foundation to standardise and automate industry processes.
Annabel Harrison, head of Agent Services, Post Trade Solutions, LSEG, says: 鈥淏y combining the DRR with TradeAgent鈥檚 CDM鈥慴ased post鈥憈rade processing platform, we are helping firms reduce operational complexity, achieve a single, reliable interpretation of reporting rules, and advance the industry鈥檚 move towards more standardised, automated post鈥憈rade processes.鈥�
The move represents a milestone in the industry deployment of the ISDA DRR 鈥� a solution which converts an industry-agreed interpretation of reporting requirements into unambiguous, machine-readable code and has been applied to eight sets of reporting rules globally.
By integrating the solution within TradeAgent, the new market utility will have the certainty of a unified, mutualised industry interpretation of reporting rules.
Scott O鈥橫alia, ISDA CEO, states: 鈥淚ntegration of the ISDA DRR within the TradeAgent platform is an important step forward in the broad adoption of the Common Domain Model and ISDA DRR.
鈥淏y embedding the CDM and the DRR into post-trade platforms as LSEG has done, industry service providers can achieve greater standardisation and automation, improve the accuracy and consistency of regulatory reporting, and reduce operational complexity across the trade lifecycle.鈥�
TradeAgent is a centralised OTC derivatives post-trade processing platform designed to eliminate inefficiencies and streamline workflows through three services: trade confirmation and routing; a central authoritative data store; and calculation and settlement of bilateral cash flows.
As with the ISDA DRR, TradeAgent is built on the Common Domain Model (CDM), an open鈥憇ource data standard for financial products, trades, and lifecycle events, which provides the vital foundation to standardise and automate industry processes.
Annabel Harrison, head of Agent Services, Post Trade Solutions, LSEG, says: 鈥淏y combining the DRR with TradeAgent鈥檚 CDM鈥慴ased post鈥憈rade processing platform, we are helping firms reduce operational complexity, achieve a single, reliable interpretation of reporting rules, and advance the industry鈥檚 move towards more standardised, automated post鈥憈rade processes.鈥�
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