Frankfurt
25 September 2017
Reporter: Theo Andrew

SmartStream partners with Deutsche Börse Reporting Hub


Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub.

SmartStream RDU will deliver reference data for Deutsche Börse's regulatory offering, including data from the European Securities and Markets Authority (ESMA) and the global legal identifier foundation.

In addition, SmartStream RDU has launched a new Systematic Internaliser Register, a service developed alongside Deutsche Börse, intended to address a gap in regulatory protocols under the second Markets in Financial Instruments Directive II (MiFID II).

The new register allows systematic internalisers to publish the financial instruments they will offer, allowing them to be more easily identified within the Regulatory Reporting Hub.

According Georg Gross, head of regulatory services at Deutsche Börse, the new reporting hub will allow sell-side and buy-side clients to more easily meet regulatory obligations, “resulting in lower overall administrative costs for our users”.

Gross 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.”

He added: “The SmartStream RDU 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.”

Peter Moss, CEO of the SmartStream RDU, said: “The SmartStream RDU delivers complete, accurate and timely reference data for use in critical regulatory reporting, trade processing and risk management operations, dramatically simplifying and reducing unnecessary costs for financial institutions.”

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
FS-ISAC enables safer financial data sharing with API
20 February 2018 | Virginia | Reporter: Jenna Lomax
The introduction of the new API supports enhancements to secure financial data transfer including improvements in speed and error reduction
Around half in the industry have seen no real effect of Brexit, according to Augentius’ annual global survey
SETL welcomes new shareholders and new board member
20 February 2018 | London | Reporter: Jenna Lomax
SETL was launched in July 2015 to deploy a payment and settlements infrastructure based on blockchain technology
Euroclear reports strong 2017 operating performance
19 February 2018 | Brussels | Reporter: Jenna Lomax
Euroclear’s fund assets under custody grew 13 percent as Euroclear continued to utilise its international exchange traded funds model
Minium, IBM and Promontory release joint white paper
19 February 2018 | London | Reporter: Jenna Lomax
The white paper says business should explore new geographies refocus on new businesses and invest in new technologies
Kane LPI appoints new head of LPI fund administration
19 February 2018 | Bermuda | Reporter: Jenna Lomax
Alain Fournier will be responsible for the management of the life, pension and investment division
Ricky Maloney rejoins Eurex
19 February 2018 | London | Reporter: Jenna Lomax
He previously worked at Eurex from 2013 to 2016 as head of OTC clearing sales and relationship management
More news