Deutsche Börse cooperates with SmartStream RDU

Deutsche Börse Group has entered into a cooperation with The SmartStream
Reference Data Utility (RDU). The European market infrastructure provider
will use  SmartStream RDU service for its upcoming Regulatory Reporting Hub.
SmartStream RDU is a managed service that delivers reference data for use
in, among others, regulatory reporting offerings. The reference data includes
the data from ESMA, GLEIF (global legal identifier foundation) as well as data
on opening and closing times of markets that are used in the transparency
services offered by the Regulatory Reporting Hub.

Further, SmartStream RDU today announced a new service – the Systematic
Internaliser Register – that plugs a significant gap in the Markets in
Financial Instruments Directive II (MiFID II) regulatory protocols. The
service, which has been jointly developed by  SmartStream RDU and Deutsche
Börse, enables Systematic Internalisers to publish the financial
instruments for which they will offer Systematic Internaliser services. The Systematic
Internaliser Register will play a central part for identifying Systematic
Internalisers within the Regulatory Reporting Hub.

“Fully-fledged and validated reference data is a key prerequisite of
regulatory reporting. By collaborating with SmartStream RDU we are able to offer a
comprehensive offering via our Hub, which meets all regulatory
requirements; and processes are simplified, resulting in lower overall administrative
costs for our users. The SmartStreamRDU Systematic Internaliser Register in
particular, will be extremely valuable to our clients since it eliminates
the need to bilaterally communicate Systematic Internaliser status in trade
messages,” said Georg Gross, Head of Regulatory Services at Deutsche Börse.

“The SmartStream Reference Data Utility delivers complete, accurate and
timely reference data for use in critical regulatory reporting, trade processing
and risk management operations, dramatically simplifying and reducing
unnecessary costs for financial institutions. We are very pleased that Deutsche Börse
as a leading European market organisation, is going to implement our service,”
said Peter Moss, CEO, The SmartStream Reference Data Utility.