Three major investment banks have thrown their weight behind Tradeweb's new service for post-trade reporting under Europe’s incoming securities rulebook, giving the electronic platform operator a boost in what is expected to be a fiercely competitive area.

Deutsche Bank, Goldman Sachs and JP Morgan have chosen Tradeweb’s approved publication arrangement, or APA service, to meet new reporting requirements being imposed under the EU’s revised markets in financial instruments directive, coming into force in 2018, according to a January 10 statement.