TRADING VENUES

Deutsche Boerse implements Risk Focus’ system for reporting

Deutsche Boerse’s regulatory reporting hub allows firms to meet reporting requirements through a single platform.

By Hayley McDowell hayley.mcdowell@strategic-i.com August 02, 2017 10:01 AM GMT

Risk Focus and its subsidiary RegTek Solutions is to provide its software services to Deutsche Boerse’s regulatory reporting hub for OTC instruments ahead of MiFID II.

The software will allow the interpretation of OTC derivatives and a rules engine for applying regulatory validations, eligibility checks and deferrals.

Georg Gross, head of regulatory services at Deutsche Boerse, explained the approach of using a rules engine has ‘already proven to be useful’.

“OTC trade reporting is one of the backbones of MiFID II, which is going to be effective as of January 2018,” he said.

Lloyd Altman, partner at Risk Focus added, given the extreme time pressures firms are under to comply with MiFID II, providing its Validate.Trade service means the exchange can begin testing OTC reporting submissions immediately.

Deutsche Boerse has brought its services for regulatory compliance onto one platform through the reporting hub.

The hub allows buy- and sell-side participants, trading venues and other financial services firms to meet reporting and publication requirements.