London Reporting House

What London Reporting House does

London Reporting House (LRH) is a UK-based post-trade analytics company that operates a proprietary platform ingesting, anonymising, aggregating, enriching and analysing Securities Financing Transactions Regulation (SFTR) data from multiple market participants to produce advanced analytics on the UK and EU repo markets. Its product suite comprises five interconnected modules: GC Repo Curves and Spreads (curves and spreads controllable for risk, transaction type and market segment), Specials (ISIN-level daily pricing and specialness trend analysis), Collateral Haircuts (ISIN-level haircuts analysed against key drivers), Collateral Prices (independent, transaction-based collateral pricing per ISIN) and Open Interest (transaction flow and open interest analytics). The platform is built on the SFTR reporting dataset of over 140,000 daily repo trades with €4+ trillion in notional value, applies proprietary taxonomies and methodologies (including machine-learning-based classification of GC versus specials trades), and routes input data through Kaizen's ReportShield quality-assurance service.

LRH operates a 'give-to-get' data-exchange model in which clients contribute their SFTR reports and receive aggregated, anonymised analytics in return. Revenue is generated through subscription access to the analytics platform on the Kaizen Hub, with quote-based enterprise pricing not publicly disclosed and an annual billing cadence. Distribution is exclusively via the Kaizen Hub RegTech platform, supporting a high-touch, enterprise field-sales motion targeting Tier 1 banks, asset managers and pension funds across the UK, EU and selected non-EU banking hubs (Japan, Canada, Australia, Germany, Spain). The firm is majority-owned by Kaizen Reporting following a March 2023 majority-stake acquisition, operating with 1-10 employees from London.

Name

London Reporting House

Legal name

London Reporting House 2022 Limited

Website

https://londonreportinghouse.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

London Reporting House is a UK-based post-trade analytics firm that aggregates and analyses SFTR data from banks, asset managers and pension funds to deliver repo market analytics — covering GC curves, specials, haircuts and collateral prices — to Tier 1 financial institutions via a give-to-get data exchange and the Kaizen Hub platform.

Ownership category

akta.pro rank

Product category

RegTech / Repo Market Analytics

NAICS

Other Financial Investment Activities (5239), Investment Banking and Securities Intermediation (523150)

akta.pro primary industry

Securities Financing Transactions (SFT) & Repo Reporting Utilities (FSAFAJAE)

akta.pro secondary industries

Securities Transaction Reporting Utilities (Equities/FI/Repos/SFT) (FSAFAJAB), Regulatory Reporting Hubs & Aggregators (Multi-Regime/Multi-Asset) (FSAFAJAF), Regulatory Reporting & Compliance for SFTs (SFTR/SEC 10c-1) (FSACAIAH), Rate, Inventory & Utilization Analytics (SFT Data/Benchmarks) (FSACAIAJ), SFT Technology Platforms (Repo/SLB OMS/EMS, Matching) (FSACAIAM)

Keywords

• Repo market analytics
• SFTR data reporting
• Post-trade analytics
• Securities financing transactions
• RegTech data platform

Headquarters

HQ city

City Of London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SFTR Data Analytics Subscription: A 'give-to-get' model where clients submit their SFTR data which is anonymised, aggregated, enriched and analysed to produce advanced analytics and insights for front office, risk management and finance functions. Revenue is generated through subscription access to the analytics platform via Kaizen Hub.
2. Data Monetisation: Repurposing client SFTR data to serve client firms and the wider industry, creating value from aggregated transaction data from over 140,000 daily repo trades.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

London Reporting House operates a SFTR data analytics platform that anonymises, aggregates, enriches and analyses Securities Financing Transactions Regulation trade data from multiple market participants via a 'give-to-get' model. It delivers five analytics modules: GC Repo Curves and Spreads, Specials at ISIN level, Collateral Haircuts, Collateral Prices and Open Interest, providing transparency and analytics on UK and EU repo markets for front office, risk management and finance functions of banks, asset managers and pension funds.

Product overview

London Reporting House offers a unified analytics platform that anonymises, aggregates, enriches and analyses raw SFTR (Securities Financing Transactions Regulation) trade data from multiple sell-side and buy-side subscribers via a 'give-to-get' model. The product portfolio consists of five interconnected analytics modules: GC Repo Curves and Spreads (controllable for risk, transaction-type and market segment), Specials (ISIN-level daily pricing and trend analysis), Collateral Haircuts (ISIN-level analysis against key drivers), Collateral Prices (independent transaction-based pricing per ISIN), and Open Interest (transaction flows and open interest metrics). The platform applies proprietary methodologies and taxonomies to SFTR reporting data to create transparent and deep views of the UK and EU repo markets. Products are available via the Kaizen Hub, a web-based RegTech platform, with SFTR input data quality-assured using Kaizen's ReportShield™ service.

Differentiator

Problem solved

Functional benefit

Products and services

• GC Repo Curves and Spreads Analytics providing GC (general collateral) repo curves and spreads that can be controlled for different types of risk, transaction-type and market segment, for banks, asset managers and pension funds.
• Specials Analytics providing special repo pricing at ISIN level each day and trends in specialness over time for collateral-driven transactions.
• Collateral Haircuts Analytics offering collateral haircuts analysed down to ISIN level and against key drivers, for repo market participants managing securities financing risk.
• Collateral Prices Analytics providing an independent, transaction-based source of collateral prices per ISIN for repo market participants.
• Open Interest Analytics providing views into repo market open interest, transaction flows and market activity for trading, risk and finance functions.

Quantifiable outcome

• Daily analysis of over 140,000 repo trades with notional value exceeding €4 trillion

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• Kaizen HubcoreChannel Partner/ Reseller/ Distributor · 1 March 2023LRH's products and analytics tools are distributed exclusively via the Kaizen Hub, a web-based RegTech platform that provides access to a range of compliance tools and data solutions. Kaizen's IT infrastructure and legal framework are leveraged for client onboarding.
• ReportShield (Kaizen)coreTechnology or IntegrationSFTR input data used by LRH is tested using Kaizen's ReportShield accuracy testing service, ensuring the underlying input data is of the highest quality and enhancing the reliability of LRH's analytics outputs.
• Tier 1 Banks (Japan, Canada, Australia)coreStrategic or Co-development PartnerParticipating banks that contribute SFTR data under the 'give-to-get' model, enabling LRH to build comprehensive repo market analytics. These institutions receive advanced analytics and insights in exchange for their data contribution.
• Tier 1 Banks (UK, Germany, Spain)strategicStrategic or Co-development PartnerAdditional financial institutions joining the platform, expanding data coverage to include UK, German and Spanish repo markets.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Kaizen Reporting: Parent company and majority owner of LRH; Kaizen Reporting is a regulatory technology firm providing SFTR, EMIR, and other transaction reporting solutions via the Kaizen Hub platform. Direct overlap in regulatory reporting infrastructure for securities financing transactions.
• REGIS-TR: One of the licensed trade repositories for SFTR in Europe, operated by Iberclear and Deutsche Börse. Provides transaction reporting services and aggregated data for SFTs, competing directly for the same regulatory reporting data set LRH analyses.
• UnaVista (LSEG): London Stock Exchange Group's regulatory reporting platform providing SFTR, EMIR, MiFID II reporting and post-trade solutions. Competes with LRH for SFTR data onboarding and reporting workflows used by sell-side and buy-side institutions.
• Cappitech: Regulatory reporting and compliance technology provider offering SFTR, EMIR, MiFID II reporting and quality assurance tools. Directly comparable as a RegTech platform targeting financial institutions with SFTR reporting obligations.

Broad incumbents

• DTCC Data Services: DTCC operates a major licensed trade repository for SFTR in the US (through its DDR/NSCC infrastructure) and provides broader post-trade, repository and data services. Overlaps with LRH in SFTR data aggregation and adjacent repo and securities financing data.
• S&P Global Market Intelligence: Provides broad securities financing, repo, and securities lending data and analytics following the IHS Markit acquisition. Comparable to LRH in providing repo and collateral analytics, but as part of a much larger market data franchise.
• Bloomberg Terminal: Bloomberg's terminal offers repo rate screens, securities lending data, and collateral analytics that overlap with LRH's product suite. A broad incumbent reaching essentially every Tier 1 financial institution client LRH targets.

Others

• Euroclear: Major European post-trade infrastructure provider (ICSD/CSD) operating collateral, settlement and securities lending services. While not a direct SFTR analytics competitor, Euroclear's data assets and collateral analytics create adjacency in repo and SFT transparency.
• Clearstream (Deutsche Börse): Post-trade services provider offering settlement, collateral management, and securities financing data. Adjacent to LRH in repo and collateral flows and connected via Deutsche Börse's ownership of REGIS-TR.
• ICMA (International Capital Market Association): Industry association for capital markets publishing repo market data, surveys and standards. Not a commercial competitor, but provides reference data and market intelligence that overlaps thematically with LRH's repo analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/london-reporting-house

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about London Reporting House