Eze Software, a leading provider of investment technology services has forged a strategic collaboration to expands its trade reporting supporting with NEX Regulatory Reporting, a business area within NEX Group Plc. NEX Regulatory Reporting, an Approved Publication Arrangement (APA) supports clients in meeting the regulatory requirements under MiFID II regulation to publish pre and post-trade data soon after execution. The strategic partnership will bring continuously expanding list of Eze Software’s compliance offerings.
Under MiFID II, the brokers and investment firms are required to report trade data to APAs in near real-time basis (within 1 minute for equities and 15 minutes for fixed income). NEX Regulatory Reporting publishes reports on behalf of trading clients on its website, from where regulators can monitor the market to check its fairness.
Eze Software and NEX Regulatory Reporting has a longstanding partnership under the scope of MiFID II, which offers a Approved Reporting Mechanism for transaction reporting for clients and both have 18 mutual clients. Eze offers standardized reports for delivery of 65 transational data points under the ESMA requirements. Through this strategic collaboration, clients will able to choose a single provider of all trade reporting specifications which will help them to simplify workflows. And, through this partnership Eze Software will have three different APAs.
Bill Neuman, Managing Director, Product & Engineering at Eze Software said:
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.”
Collin Coleman, Head of NEX Regulatory Reporting said: The collaboration means Eze clients can consolidate their trade and transaction reporting with one provider and benefit from the operational efficiencies this brings.”