CME Group to Scale Back Regulatory Reporting Business
The exchange group is closing several of its regulatory reporting businesses following a review finding they no longer align with its strategic direction.
CME Group will wind down several of its regulatory reporting services on or by Nov. 30, 2020, following a review that found the services no longer align with the exchange operator’s business direction.
The decision follows the exchange’s acquisition of NEX Group in November 2018 and Acquis Exchange’s approval from the UK regulator to acquire NEX exchange in March 2020.
“Following an evaluation of our business portfolio … we have made the decision to wind down our Abide Financial and NEX
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