Frankfurt am Main 2 August 2017
The Regulatory Reporting Hub of Deutsche Börse Group has launched a partnership with Risk Focus and its software subsidiary, RegTek.Solutions, headquartered in New York. Risk Focus will provide key system components for the Regulatory Reporting Hub’s OTC Trade Reporting solution, including RegTek.Solutions’ Validate.Trade product.
The functionality of the components provided by Risk Focus and RegTek.Solutions includes interpretation of instrument details of OTC derivatives submitted in FpML or XML format as well as a rules engine for applying the regulatory validations, eligibility checks and deferrals.
“In the dynamic environment with frequent updates of regulatory details, the approach to using a rules engine has already proven to be very useful. OTC trade reporting is one of the backbones of MiFID II, which is going to be effective as of January 2018. Deutsche Börse’s MiFID II OTC trade reporting service will provide clients with an efficient and simple-to-use way of meeting their OTC transparency requirements in accordance with the new regulation,” said Georg Gross, Head of Regulatory Services at Deutsche Börse.
“Given the extreme time pressure that firms are under to comply with MiFID II, we are proud to provide a version of Validate.Trade to all users of the Deutsche Börse’s Trade Reporting Services that allows them to start testing their OTC Trade Report Submissions straightaway. Our partnership with Deutsche Börse will enable us to combine existing and custom components to bring this important MiFID II Trade Reporting Service to market,” said Lloyd Altman, Partner, Risk Focus.
Deutsche Börse Group has concentrated its solutions for regulatory compliance onto one platform – the Regulatory Reporting Hub. This Hub enables sell-side and buy-side clients as well as corporates and trading venues to meet their regulatory obligations efficiently and reliably – publication requirements as well as reporting to all relevant National Competent Authorities, covering multiple regulations.
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About Deutsche Börse – Market Data + Services
Deutsche Börse is one of the world’s leading service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group’s offering covers the entire value chain from trading, through clearing, to settlement and custody of securities. Market Data + Services is part of Deutsche Börse’s IT & Operations, Data & New Asset Classes division and comprises the Group’s broad market data offering as well as external technology and network services. Products and services include real-time and historical trading data from the Group trading venues Eurex and Xetra, as well as from cooperation partners. The department also markets reference data for more than 1,000,000 securities and over 11,000 indices including the STOXX and DAX index families, an excellent trading infrastructure and reliable network services.
About Risk Focus
Risk Focus is a 13-year-old specialist services firm that delivers trading, regulatory, risk and cloud-enabling solutions to the global capital markets. With offices in New York, London and Riga, Risk Focus offers a full-service model from independent advisory and architecture services through full implementation and solution delivery.
RegTek.Solutions is the trusted leader in independent software and services, focused exclusively on ‘empowering firms to achieve and maintain compliance with global trade and transaction reporting regulations, cost effectively!’
Our solutions specialize in 3 key areas of compliance capability: connectivity, control and change management. We offer a range of solutions that deliver valuable business outcomes across the entire reporting flow from independent reporting eligibility to comprehensive data quality surveillance, pre-validated regulatory submissions and fully maintained, regulation specific, reconciliations.
We track, analyze and support over a dozen regulatory regimes from ASIC to SFTR, including EMIR, MiFIR and Dodd-Frank reporting, both CFTC and the impending SEC SBSR implementation, offering a service level agreement that motivates firms to work with us as a trusted partner to help them deliver reporting that is timely, accurate, complete and sustainable.
Our software is modular, built on service-oriented principles that allow clients to pick and choose what part of the solution they require and to target specific regulations; this is not a one size fits all challenge.
We partner with the world’s premier regulatory reporting venues, trade repositories, swaps data repositories and approved reporting mechanisms to ensure we have the insight and the expertise to deliver world class solutions to our clients who must connect with these venues, control their reporting processes and efficiently manage the changes that continue to impact our market.
To learn more about our innovative software components: Validate.Trade, Load.Trade, Reconcile.Trade and Reportable.Trade please contact [email protected]
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RegTek / Risk Focus
Ashleigh Brown/ Alla Lapidus
Email: [email protected]
Tel: +44 (0) 20 7250 4770
Andreas von Brevern
+49 69 2 11 11 500