NEX Regulatory Reporting, now part of CME Group, has been awarded ‘Regulatory Reporting Product of the Year’ at the 2019 Risk Markets Technology Awards. The business was recognized for their comprehensive regulatory reporting system and their unique approach of preparing clients for both current and future regulations challenges.

To help clients cope with an ever-changing regulatory landscape, the NEX Regulatory Reporting Hub brings together a suite of best-in-breed services in one place, offering clients access to a multipurpose reporting solution that supports multiple global regimes, including MiFIR, EMIR, ASIC, MAS and the upcoming SFTR. NEX Regulatory Reporting’s solution can take data from any source system and automatically perform the necessary data enrichments and transformations that are needed for each reporting regime, as well as performing deep data validation and reconciliation to demonstrate full compliance.

Hosted by Risk, the awards recognize leading vendor solutions for credit, operational and enterprise-wide risk management and are judged by a panel of editors and journalists of Risk.net and Risk magazine. Joanna Davies, Head of NEX Regulatory Reporting said: “We are very pleased to have been awarded Regulatory Reporting product of the Year at the Risk Technology Awards. This win is testament to the continued hard work of our team to constantly better this service for clients.

In this uncertain time, with Brexit on the horizon and changing regulatory requirements, clients need certainty that providers will adapt to their needs. Looking ahead, we are taking into consideration the lessons we learned during the MiFID II compliance process, which was difficult for clients and vendors alike, in our response to SFTR. This way, we will be in the best position possible to help our clients become compliant.”