NEX Regulatory Reporting Pushes for SFTR Trade Repository Status
London-based NEX Regulatory Reporting plans to become an SFTR trade repository ahead of a dedicated reporting solution.
The SFTR trade repository will be built and hosted in the cloud, and will eventually be added to the vendor’s Global Reporting Hub. NEX Regulatory Reporting will connect to the BrokerTec and ENSO platforms, allowing clients to automatically transfer transaction data to the repository.
Collin Coleman, head of NEX Regulatory Reporting, says in a statement that while most markets are used to some regulatory reporting because it is required by active regulations, “securities lending has to date
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