Baymarkets Splits into Two Companies Covering RegTech and Clearing
The two new firms, Reg&Tech and Baymarkets, will focus on regulatory technology and clearing solutions, respectively.
Reg&Tech Solutions will focus on regulatory technology and big-data storage, while Baymarkets will continue to focus on providing clearing solutions, particularly through its Clara platform.
Per Andersson, CEO of Reg&Tech, says the decision to split was made because the two businesses have increasingly grown in separate directions.
“It was natural to split the two firms. We see growth in both areas and decided it was better to separate as it can be difficult to market to very different areas,”
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