Deutsche Börse completes sale of Regulatory Services GmbH to MarketAxess
Deutsche Börse AG today announces that it has completed the sale of Regulatory Services GmbH – the Regulatory Reporting Hub (RRH) – to MarketAxess Holdings Inc., closing the transaction on 30 November.
The regulatory reporting business is acquired by MarketAxess’ wholly owned Dutch subsidiary, Trax NL B.V. The agreement on the sale was initially announced in September 2020.
MarketAxess is already a leading provider of post-trade reporting and pre- and post-trade data services. The acquisition of the Regulatory Reporting Hub will help to further expand and enhance these services across a broader European client base, particularly in Germany, France and the Nordics.
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. Services include transaction and trade reporting, best execution reporting and SI services, as well as APA and ARM services.
Both companies are committed to ensuring a smooth service transition for all clients. Deutsche Börse will provide technical services until the completion of customer transition in 2021.
The completion of the sale will not affect any other services provided by Deutsche Börse Group.