AQMetrics onboards UK asset manager for MiFID II reporting

Marlborough Investment Management is the latest in a string of new clients for AQMetrics following regulatory reporting shut downs at CME and Deutsche Börse.

Irish risk and regulatory compliance platform AQMetrics has onboarded UK-based Marlborough Investment Management for MiFID II transaction reporting.

AQMetrics said Marlborough Investment Management is the latest in a string of new clients for the firm, following news that exchange groups CME and Deutsche Börse are pulling out of the regulatory reporting space.  

“We’re thrilled to onboard more MiFID II clients, whether they’re coming from NEX Abide or are just wanting to change their provider,” said Darell Miller, head of sales at AQMetrics. “With the recent news about NEX Abide and Deutsche Börse, it’s understandable that many will want assurances going forward. Partnering with a specialist, whose core competencies and focus include regulatory reporting, is one way to achieve this going forward.”

CME confirmed in May that it will be winding down its NEX Abide regulatory reporting division, including its ARM and APA platforms for MiFID II compliance, by 30 November this year. The following month, Deutsche Börse said it was considering options for its reporting hub, which offers similar reporting services.

“Firms are starting to realise that big is not always better,” Miller added. “While we pride ourselves on our technology solutions, customers are increasingly turning to us for the unparalleled level of automation and customer satisfaction that we offer too.”

Marlborough Investment Management’s Irish affiliate already has a longstanding reporting relationship with AQMetrics, and it decided to switch from CME Group to the specialist provider due to its track record, technology and focus on customer service.

“Our Irish branch has a longstanding and positive MiFID II relationship with AQMetrics already. Once we realised we had to change providers from NEX Abide, our Irish office recommended AQMetrics. It was a very smooth transition from there on, with the normal checks of technology and data,” said Kim Cooling, head of compliance at Marlborough Investment Management.