NEX Regulatory Reporting, powered by Abide Financial, is an award winning provider at the forefront of transaction services innovation. The firm is part of NEX Group, a FTSE 250 company. NEX Regulatory Reporting is the 3rd largest reporting entity by EMIR reportable FX transactions and it processes more than 25% of all MiFID reportable trades. The NEX Regulatory Reporting platform lowers costs, eliminates operational risk and provides regulatory reporting effectiveness. Through the business multi-regime reporting hub, regulatory obligations are translated into future proof compliant solutions while its specialist advisory teams interpret the impact of evolving markets regulation relating to trade and transaction reporting. The company is an approved Reporting Mechanism (ARM) for MiFID / MiFID II, a reporting hub for EMIR and Regulatory Reporting Mechanism (RRM) for REMIT. Abide Financial also services clients subject to international regulatory regimes like Dodd Frank (US), ASIC (Australia), MAS (Singapore) and Canada. The company acts as a compliance partner for a broad range of market participants like Jupiter Asset Management, ICAP, BNP Paribas, Investec, CMC Markets, Instinet Nomura, GAIN Capital, Saxo Bank, LMAX and others.
Controlled from a single, secure and intuitive user interface, clients are able to submit their transactional data, into the NEX Regulatory Reporting Hub in multiple formats and from multiple sources, for data normalisation, enrichment, determination, reconciliation and validation. It is then delivered to the relevant regulatory end point.