Deutsche Börse and Illuminate Financial Investment in Software Provider Regtek.Solutions

The two firms make a strategic investment in preparation for upcoming regulatory changes.

It is less than 6 months before the MiFID II regulations come into effect and there have been a spate of companies and asset managers rushing in to ensure that their risk management and compliance procedures are in accordance with the regulations.

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In view of that, in August, Deutsche Börse inked a partnership deal with RegTek.Solutions to help it meet the new requirements. Today, as a follow up, we have an announcement from Deutsche Börse that the company and Illuminate Financial have both invested with the provider of global regulatory compliance software.

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RegTek.Solutions is a provider of global regulatory compliance software and a subsidiary of Risk Focus Inc. It provides reporting and compliance solutions which help companies fulfil the new regulatory requirements.

Over the next few months, the industry is going to see many regulatory upheavals: MiFID II in Europe, the impending SEC implementation of Dodd Frank, potential new CFTC rules in North America, and ongoing changes in Hong Kong and Singapore, among others.

Brian Lynch, CEOof RegTek.Solutions, said: “Receiving strong financial backing from global exchange Deutsche Börse and capital markets specialists Illuminate Financial serves as a real validation of our offering and prospects for future growth. As the next bottleneck of regulatory deadlines nears and both sell-side and buy-side firms grapple with adhering to the new rules, we are seeing strong demand across the market for outsourced trade reporting tools that provide assurance and transparency around data quality, completeness and accuracy.”

With the MiFID II regulations coming into force in January 2018, there is likely to be a lot of demand among firms for outsourced solutions.

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