Deutsche Börse Partners with SmartStream for Regulatory Reporting Hub

In an effort to ensure that it is ready for the new regulations that will be coming into effect as part of MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term, Deutsche Börse has partnered with SmartStream RDU, to use its reference data tools.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

The Deutsche Börse group has been bundling all of its Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term-related tools and solutions into a single platform called the Regulatory Reporting Hub. It is here that the SmartStream RDU will be used to deliver reference data from the Global Legal Entity Identifier Foundation (GLEIF), and data on market opening times.

Georg Gross, Head of Regulatory Services at Deutsche Börse, said: “Fully-fledged and validated reference data is a key prerequisite of regulatory reporting. By collaborating with SmartStream RDU we are able to offer a comprehensive offering via our Hub, which meets all regulatory requirements; and processes are simplified, resulting in lower overall administrative costs for our users. The SmartStreamRDU Systematic Internaliser Register in particular, will be extremely valuable to our clients since it eliminates the need to bilaterally communicate Systematic Internaliser status in trade messages”.

The Regulatory Reporting Hub will help clients and institutions fulfil their obligatory requirements in an efficient and timely manner.

Recently, Deutsche Börse invested in Regtek.Solutions in order to meet the demand among financial institutions to align themselves to regulatory requirements such as those of MiFID II. The push to include new services and features into the hub is also seen as a part of that effort.