The Gateway to Algorithmic and Automated Trading

Deutsche Boerse and Illuminate Financial invest in Regtek.Solutions

First Published 6th September 2017

Deutsche Börse and Illuminate Financial Management LLP have co-led in a US$5 million Series A funding round in RegTek.Solutions, a regulatory reporting solutions provider

Brian Lynch, RegTek

Brian Lynch, RegTek

Based in New York, RegTek.Solutions was launched earlier this year as a specialist provider of global regulatory compliance software by Risk Focus, the risk and regulatory services firm. RegTek.Solutions provides trade reporting solutions and compliance software (Report-It)

For Deutsche Börse this investment will be managed by DB1 Ventures, the corporate venture capital arm of the market infrastructure provider. Holger Wohlenberg, Managing Director and Head of Market Data and Services at Deutsche Börse, and Mark Beeston, Managing Partner from Illuminate Financial, will become non-executive board members of RegTek.Solutions.

Brian Lynch, CEO, RegTek.Solutions commented: "Receiving strong financial backing from global exchange Deutsche Börse and capital markets specialists Illuminate Financial serves as a real validation of our offering and prospects for future growth. As the next bottleneck of regulatory deadlines nears and both sell-side and buy-side firms grapple with adhering to the new rules, we are seeing strong demand across the market for outsourced trade reporting tools that provide assurance and transparency around data quality, completeness and accuracy."

The strategic investment in exchange for a minority stake will be used to scale RegTek.Solutions' operations as market participants seek to comply with incoming multi-jurisdictional reporting requirements such as MiFID II / MIFIR in Europe, Dodd Frank with the impending SEC implementation and potential new CFTC rules in North America, as well as ongoing change in Hong Kong, Singapore and other global jurisdictions.

  • Copyright © Automated Trader Ltd 2017 - Strategies | Compliance | Technology

click here to return to the top of the page