The European Securities and Markets Authority has approved the first four trade repositories that will be responsible for collecting data on derivatives transactions, starting the countdown to trade reporting under new regulations.

The Depository Trust and Clearing Corporation, the London Stock Exchange's Unavista facility, Regis-TR - a joint venture between Spain's Iberclear and Deutsche Börse's Clearstream - and Poland's KDPW will be officially registered as trade repositories by Esma on November 14.