NEX Regulatory Reporting awarded “Best Compliance Technology” at The Trade’s “Leaders in Trading” Awards
25 October 2017
On Wednesday 25 October, NEX Regulatory Reporting was awarded Best Compliance Technology at The Trade magazine’s Leaders in Trading Awards dinner in London. The award winners were determined by The Trade's editorial and research team.
NEX Regulatory Reporting was recognised for its full end-to-end compliance and reporting solution and saw off Cinnober, NICE Systems and Reg.Tek Solutions to win the award.
Jonathan Watkins, Managing Editor of The Trade noted that NEX Regulatory Reporting offered post-trade regulatory reporting compliance systems that are crucial tools to try and stamp out market abuse at a time when regulators are taking a harder line on the issue. In addition, the publication listens to its audience over the year to gather their feedback on different providers to help make the selection.
Collin Coleman, Head of NEX Regulatory Reporting, said: “We are very pleased to have been awarded Best Compliance Technology by The Trade, one of the leading buyside publications, and one which is well read by our customer base. We have worked hard to ensure that we are able to offer clients a full end-to-end solution that will allow them to most easily and accurately meet all their MiFID II and EMIR requirements.”
As the 3 January 2018 deadline for MIFID II approaches, NEX Regulatory Reporting has taken a number of steps to further expand its compliance functionalities for clients. It recently received approval from the Financial Conduct Authority as an Approved Reporting Mechanism (ARM), allowing it to report client transactions to National Competent Authorities (NCA) across Europe. NEX Regulatory Reporting’s entities also include an Approved Publication Arrangement (APA) under MiFID II, a Registered Reporting Mechanism for REMIT and a hub for EMIR. Pending approval from ESMA, it will also house a Trade Repository under EMIR.