08 June 2017
London
Reporter: Drew Nicol

NEX enlists Duco for MiFID II reconciliations requirements


NEX Regulatory Reporting is partnering with Duco, a data normalisation and reconciliation service provider, to aid its clients in compliance with the second Markets in Financial Instruments Directive (MiFID II).

The joint offering will use Duco’s reconciliation platform Duco Cube to provide MiFID II-compliant reconciliation, validation and reporting services to NEX Regulatory Reporting clients, ahead of the directive’s implementation in January 2018.

Clients will also have access to Duco Cube for more complex requirements, such as clean-up activities or additional internal controls related to MiFID II.

Collin Coleman, CEO of NEX Regulatory Reporting, said: “What sets us apart in the market is our understanding of both regulation and technology and our strong focus on the end-to-end experience. By working with Duco, we will be able to scale fast and provide our rapidly-growing client base with strong independent verification based on best-of-breed technology.”

Christian Nentwich, CEO of Duco, added: “Duco Cube is particularly suited to the high volume, high complexity requirements imposed by MiFID II.”

“Many of our clients rely on Duco Cube for regulatory reporting reconciliations under the European Market Infrastructure Regulation and MiFID today, and we are pleased to bring this technology to a wider audience in partnership with NEX Regulatory Reporting.”

More regulation news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
No further SFT regulations on the horizon, says European Commission
20 October 2017 | Paris | Reporter: Jenna Lomax
article synopsis 300 characters only so it fits to three lines. always add three periods to finish synopsis...
LEI compliance is non-negotiable, says ESMA
20 October 2017 | Paris | Reporter: Jenna Lomax
Steven Maijoor, chair of ESMA stated that there is no room for negotiation where legal entity identifiers are concerned
US appeals court dismisses US equity lending mismanagement case
20 October 2017 | Missouri | Reporter: Drew Nicol
Allegations of mismanagement of a securities lending programme brought by two US Bank pension beneficiaries was dismissed by the US Court of Appeals for the Eighth Circuit this week
Margin rules depress derivative contract terms, survey finds
19 October 2017 | Brussels | Reporter: Jenna Lomax
Only few changes were reported regarding credit terms and conditions with respect to non-centrally cleared OTC derivatives
Trax gains MiFID II ARM licence from UK FCA
29 September 2017 | London | Reporter: Drew Nicol
Reporting solution provider Trax is among the first to be approved by the UK FCA as an approved reporting mechanism (ARM) for transaction reporting services under MiFID II
Shadow banking will not be banned, confirms IMF
26 September 2017 | Helsinki | Reporter: Jenna Lomax
The IMF, along with the FSB and other regulatory bodies, have no desire to shut down the alternative financing industry but that some aspects of the market’s risk features must be managed
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO