MarketAxess to Acquire Regulatory Reporting Hub From Deutsche Boerse
September 23 2020 - 8:50AM
Dow Jones News
By Michael Dabaie
MarketAxess Holdings Inc. agreed to acquire the Regulatory
Reporting Hub, the regulatory reporting business of Deutsche Boerse
Group.
MarketAxess will acquire the business through Trax NL BV, its
wholly owned subsidiary in the Netherlands.
The Regulatory Reporting Hub is a pan-European reporting and
compliance platform. Services include transaction and trade
reporting, best execution reporting and Systematic Internaliser
services, as well as Approved Publication Arrangement and Approved
Reporting Mechanism services.
MarketAxess said the acquisition of the Regulatory Reporting Hub
would help it to further expand and enhance post-trade reporting
and pre- and post-trade data services across a broader European
client base, particularly in Germany, France and the Nordics.
The companies expect the deal to close in the fourth quarter of
2020.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 23, 2020 08:35 ET (12:35 GMT)
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