London
09 March 2017
Reporter: Stephanie Palmer
NEX launches cross-regulation reporting platform
NEX Optimisation is bringing its suite of regulatory reporting services under a single umbrella with the launch of its NEX Regulatory Reporting solution.

The solution is intended to provide a resilient, multi-jurisdictional, cross-asset product for managing evolving reporting challenges under the second Markets in Financial Instruments Directive (MiFID II), the European Market Infrastructure Regulation (EMIR) and other international regulatory initiatives.

It will include analysis of each client’s reporting environment, allowing for a tailored response depending on jurisdiction, classification and traded instruments. It also provides change notifications and help with managing regulatory changes.

NEX Regulatory Reporting is designed to offer transparency into the transaction lifecycle process, improve speed of reporting, and provide insights into underlying data quality

Powered by Abide Financial, an NEX Group business, the solution will be lead by Abide CEO Collin Coleman.

Coleman said: “We are delighted to introduce this powerful platform to the industry. Clients will benefit from seamless processing of large data volumes under multiple regulatory regimes and transparent delivery of final reports to regulators via a suite of in-house regulatory end points. We will also continue to deliver the high level of service which our clients recognise us for.”

Jenny Knott, CEO of NEX Optimisation, added: “We are proud to launch NEX Regulatory Reporting as a key component of our suite of services to help our clients meet the challenges of new regulation.”

Abide has been an approved reporting mechanism (ARM) under MiFID I since 2011. It has also applied to be an ARM and an approved publication arrangement provider under MiFID II.

It is a registered reporting mechanism under the Regulation of Wholesale Energy Market Integrity and Transparency (REMIT), aggregates reports for EMIR, and runs Asian derivatives reporting to the Australian Securities and Investments Commission and the Monetary Authority of Singapore.

Abide has also filed to become a trade repository for EMIR, and is expecting to be granted approval in 2017.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
First state-level regulator joins R3 DLT consortium
24 March 2017 | Illinois | Reporter: Katherine Brown
The Illinois Department of Financial and Professional Regulation (IDFPR) has become the first state-level regulator to join R3’s distributed ledger group...
Wolters Kluwer wins Russian reporting mandate
24 March 2017 | Moscow | Reporter: Stephanie Palmer
Nordea Bank Russia is set to go live with the Wolters Kluwer OneSumX Risk and Management Information Systems (MIS) reporting solution
Mutual insurer simplifies custody with single provider
23 March 2017 | Paris | Reporter: Mark Dugdale
Thélem Assurances awarded the mandate to CACEIS after deciding to simplify its custodian relationships, according to CFO Benoit Jullien
SEC to move US to T+2
23 March 2017 | Washington DC | Reporter: Drew Nicol
Members of the SEC’s industry steering committee, including DTCC and SIFMA, were quick to praise the commission on the amendment
Amundi clears credit default swaps through CDSClear
23 March 2017 | London | Reporter: Mark Dugdale
The asset manager accessed CDSClear via its clearing broker BNP Paribas, taking the service to 13 active members
MiFID II challenges abound
22 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Data requirements and target market rules under MiFID II could pose challenges for asset managers and distributors, heard attendees of the ALFI European Asset Management Conference
ESG key for millennial investors
22 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Millennial investors find environmental, social and governance factors to be important, but their return expectations are unrealistic
More news