MarketAxess to acquire Deutsche Börse regulatory reporting hub

By Sunniva Kolostyak

MarketAxess, the trading platform and post-trade provider, is planning on acquiring the Regulatory Reporting Hub, Deutsche Börse Group’s regulatory reporting business.

The Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables buy- and sell-side clients to meet their regulatory obligations and transparency requirements across multiple regulations, such as MiFID II and EMIR.

Subject top approval, MarketAxess, the trading platform operator for fixed-income securities and provider of market data and post-trade services for the global fixed-income markets, will acquire the business through Trax NL B.V., its wholly-owned subsidiary in the Netherlands. The move will help MarketAxess enhance its services across a European client base – particularly in Germany, France and the Nordics.

Christophe Roupie, Head of EMEA and APAC at MarketAxess, commented: “With over 30 years of experience in providing regulatory reporting and data services to the world’s leading financial institutions, we know just how important they are for our clients.

“With this acquisition, we’re strengthening both our global post-trade and data businesses in two important ways: significantly extending our European client footprint, and increasing our ability to bring new, innovative technologies and solutions to a critical and complex part of the trade lifecycle.”

The Regulatory Reporting Hub’s services include transaction and trade reporting, best-execution reporting and SI services, as well as APA and ARM services. The hub is being sold through Regulatory Services GmbH, a subsidiary of Deutsche Börse Group.

The transaction is expected to close in the fourth quarter of 2020, subject to the satisfaction of customary closing conditions. Both MarketAxess and Deutsche Börse commit to a smooth service transition for all customers, and the sale of the Regulatory Services GmbH does not affect any other services provided by Deutsche Börse Group.