CME Reg Reporting Competitors Vie to Fill the Void Ahead of Withdrawal
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
In mid-May, news broke that CME Group would scale back its regulatory reporting businesses, including NEX Regulatory Reporting (NRR), NEX Abide, and its European and Australian trade repositories (TRs).
The reporting units covered several global reporting regimes, such as the European Market Infrastructure Regulation (Emir), the latest Markets in Financial Instruments Directive (Mifid II), the Markets in Financial Instruments Regulation (Mifir), the Securities Financing Transactions Regulation
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