NEX Regulatory Reporting, a CME Group business, is delighted to announce that it has won ‘Best Compliance Technology’ at The Trade’s Leaders in Trading Awards for the second consecutive year. The award winners were determined by The Trade’s editorial and research team with input from the publication’s audience strongly taken into consideration.

NEX Regulatory Reporting was recognised for its end-to-end reporting solution which ensures compliance with MiFID II, EMIR and other global regimes.

With a number of new global reporting requirements and regulators taking a firmer stance on compliance, NEX Regulatory Reporting’s powerful cloud-based reporting hub and user-friendly portal allows clients to easily submit their transactional data for delivery to the relevant regulatory endpoint.

John Brazier, Editor of The Trade, said: “For the second consecutive year The TRADE found that NEX Regulatory Reporting has provided market participants with crucial tools and additional efficiencies during a pivotal time of regulatory change for the industry. The introduction of MiFID II and the impending introduction of SFTR means that services for effective reporting which also eliminate operational risk and significantly reduce costs are more important than ever before, and we found NEX Regulatory Reporting to be ahead of the competition in providing such services to the industry.”

Jo Davies, Head of NEX Regulatory Reporting, said: “It’s an honour to be named Best Compliance Technology by The Trade again this year. We know The Trade is widely read by our customer base and they can rely on it for sound buy-side news. This award is recognition of the continued hard work to ensure our clients have a seamless end-to-end solution by constantly evaluating and improving our systems. It remains our priority to stay vigilant and flexible to help our clients react to the ever-changing regulatory demands.”

Ahead of the MiFID II go-live in January 2018, NEX Regulatory Reporting expanded its compliance functionalities for clients to include reconciliation which provides data accuracy and reporting completeness. Development for a complete SFTR reporting solution is well underway and the business is also extending its access geographically, announcing in September the launch of a new solution for derivatives transaction and position reporting under ASIC’s (Australian Securities and Investment Commission) OTC derivatives trade reporting requirements.