Eze Software, a premier provider of investment technology, is growing its MiFID II trade reporting support by expanding its strategic collaboration with NEX Regulatory Reporting, a business area within NEX Group plc. As an Approved Publication Arrangement (APA) provider, NEX Regulatory Reporting supports clients in their MiFID II obligation to publish pre- and post-trade data and reports as soon as possible after execution. The collaboration bolsters a continuously expanding roster of Eze Software’s MiFID II compliance offerings.
Under MiFID II, in a bid for improved transparency, ESMA requires investment firms to report trade data to APAs in near real-time; within one minute for equities, and 15 minutes for fixed income. NEX Regulatory Reporting will publish reports on trades on behalf of clients on its public website where the regulator can monitor that markets are fair.
Eze Software has a longstanding partnership with NEX Regulatory Reporting, which serves as the Approved Reporting Mechanism for transaction reporting for clients under the scope of MiFID II. Eze and NEX have 18 mutual clients. Eze supports standardized reports for the delivery of the 65 transaction data points required under ESMA specifications. Being able to choose the same provider for trade reporting will help Eze clients simplify workflows. Eze Software will soon have connectivity to three different APAs.
“In a post-MiFID II environment, we are focused on helping clients meet their regulatory requirements most efficiently. We’re excited to extend our collaboration with NEX Regulatory Reporting to cover trade reporting, and will continue to grow our partner community to provide more choice in reporting options that will work best within client workflows,” said Bill Neuman, Managing Director, Product & Engineering.
“The collaboration means Eze clients can consolidate their trade and transaction reporting with one provider and benefit from the operational efficiencies this brings,” said Collin Coleman, Head of NEX Regulatory Reporting.
NEX Regulatory Reporting operates within NEX Optimisation, which helps clients simplify complexity and optimise resources. NEX Regulatory Reporting includes Abide Financial and Abide Financial DRSP, an FCA regulated entity. The platform introduces cost efficiencies, mitigates operational risk and provides regulatory reporting effectiveness. Through its multi-regime reporting hub, regulatory obligations are translated into future proof compliant solutions while its specialist advisory teams interpret the impact of evolving markets regulation relating to trade and transaction reporting. In addition to local European regulatory environments (EMIR, MiFID/II, REMIT), NEX Regulatory Reporting provides specialised reporting services for entities subject to international regulatory regimes such as Dodd Frank, ASIC (Australia) and MAS (Singapore).
Eze Software is a global leading provider of investment management software solutions designed to optimize operational and investment alpha throughout the entire investment process. Eze Software provides the platform for growth for the entire investment management community, maximizing efficiencies across order management, trade execution & analytics, portfolio analytics & modeling, compliance & regulatory reporting, commission management, and portfolio & investor accounting. For more than 20 years Boston-based Eze Software has been driving innovation in financial technology. Today, Eze Software partners with more than 2,500 buy- and sell-side institutions in 45 countries from their 14 offices worldwide.