13 February 2018, New York, London: RegTek.Solutions and Risk Focus Inc., leaders in control and compliance solutions, today were named as finalists in the FStech Awards in the ‘Collaboration or Partnership of the Year’ category. RegTek.Solutions and Risk Focus were recognized for their development and implementation of a MiFID II trade reporting solution for Deutsche Börse’s Regulatory Reporting Hub. Using agile methodology and best-of-breed, off-the-shelf components, Risk Focus’ cloud-based testing and development process should serve as a blueprint for future implementations at the exchange.
Brian Lynch, CEO of RegTek.Solutions, commented: “We are honored to have made it as finalists with our partner Risk Focus; this award is a great acknowledgement of our teams’ year-long hard work and dedication, but also of our collaborative approach to solving firms’ regulatory reporting challenges. Working hand-in-hand, we were able to meet and exceed expectations with Validate.Trade going live way ahead of the regulatory deadline.”
Risk Focus provided the specialist consultancy and development teams to implement all of the key components of the Regulatory Reporting Hub’s OTC trade reporting functionality, with RegTek.Solutions’ Validate.Trade used as the validation engine for all FpML and ISO 20022 messages. The Regulatory Reporting Hub went live on January 3, supporting all cash and derivative asset classes covered by MiFIR; it has met all the performance SLAs for throughput and latency.
Lloyd Altman, Global Head of Business Development at Risk Focus, commented: “We are delighted to be recognized for our collaboration with RegTek Solutions to deliver this mission-critical industry utility. Deutsche Börse’s strategic plan was clear: to enable clients to report all their trades and quotes using FIX, FpML, or ISO 20022, while handling millions of trades a day and thousands per second. We are proud to have achieved that goal and to contribute to the success of the Regulatory Reporting Hub along with our partner, RegTek.Solutions.”
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