Investment technology provider, Eze Software has expanded its collaboration with NEX Regulatory Reporting to grow its MiFID II trade reporting support.
Under the second Markets in Financial Instruments Directive (MiFID II), European Securities and Markets Authority requires investment firms to report trade data to Approved Publication Arrangements (APA) in near real-time; within one minute for equities, and 15 minutes for fixed income. NEX Regulatory Reporting publishes reports on trades on behalf of clients on its public website where the regulator can monitor that markets are fair.
NEX serves as the Approved Reporting Mechanism for transaction reporting for clients under the scope of MiFID II. It supports clients in their MiFID II obligation to publish pre- and post-trade data and reports as soon as possible after execution. NEX publishes reports on trades on behalf of clients on its public website where the regulator can monitor that markets are fair.
According to Eze, the collaboration bolsters a ‘continuously expanding roster’ of its MiFID II compliance offerings. The pair have 18 mutual clients, with Eze supporting standardized reports for the delivery of the 65 transaction data points required under ESMA specifications.
“In a post-MiFID II environment, we are focused on helping clients meet their regulatory requirements most efficiently. We’re excited to extend our collaboration with NEX Regulatory Reporting to cover trade reporting, and will continue to grow our partner community to provide more choice in reporting options that will work best within client workflows,” said Bill Neuman, Managing Director, product & engineering.
NEX Regulatory Reporting includes Abide Financial and Abide Financial DRSP, an FCA regulated entity. The platform introduces cost efficiencies, mitigates operational risk and provides regulatory reporting effectiveness. In addition to local European regulatory environments (EMIR, MiFID/II, REMIT), NEX Regulatory Reporting provides specialised reporting services for entities subject to international regulatory regimes such as Dodd Frank, ASIC (Australia) and MAS (Singapore).
Eze Software is a provider of investment management software solutions designed to optimize operational and investment alpha throughout the entire investment process. Earlier this year, QQQ Capital, a Singapore-based long-term value hedge fund manager, is set to implement Eze Software to automate its operations and streamline its front-to-back investment workflows.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
