Euronext's Employee Trading Monitoring Tool TradeLog Available to Companies Across Europe

Euronext today announces that TradeLog, its online software which allows companies to monitor and automate pre-clearance for employees' personal trading, is now available to companies across Europe, after its successful launch in Denmark and Norway.

TradeLog is an innovative tool for companies of all sizes which supports them in their compliance with the European Market Abuse Regulation (MAR), the Markets in Financial Instruments Directive II (MiFID II) and with their own internal policies related to personal securities, transactions and holdings. The European built and hosted SaaS-platform guarantees full data privacy protection in line with the EU GDPR regulation.

TradeLog provides companies with a detailed view of their employees' transactions and holdings. It also helps companies avoid wasting valuable time manually checking each individual’s prospective trade. The system checks whether each trade is in line with internal policies and regulations in order to pre-clear the trade.

Finally, in selected geographies, TradeLog can also connect to custody accounts and automatically monitor employees' trading. This model has been successfully implemented in Denmark and Norway, through Euronext’s own Central Securities Depositories, Euronext Securities Copenhagen and Euronext Securities Oslo.

Richard Waller, Managing Director at ComplyLog, a Euronext Company, said: "Today, we make TradeLog available to all our clients across Europe. TradeLog was developed by Euronext Securities – the Group's Central Securities Depository business – and will now be scaled across Europe by Euronext Corporate Services.

Two years after its successful launch in Denmark and Norway, we are thrilled to offer this innovative product to more corporates and financial institutions in Europe. Following and managing employee trading is becoming increasingly important for businesses, and this new product helps our customers meet this challenge efficiently."