In April the number of reports received by REGIS-TR, the European trade repository owned by Clearstream (Deutsche Börse) and Iberclear (BME), exceeded 3 billion, three times the number of reports that were received in October of last year.
Ever since REGIS-TR went live on 12 February 2014, the daily average of reports processed by the trade repository amounts to 10.3 million.
Elena Carnicero, Chief Executive Officer of REGIS-TR, comments: “Passing yet another milestone proves that REGIS-TR has become an established trade repository in Europe that is the reliable partner in times of ongoing regulatory changes in the market. 900 clients are already using our services, and we take their trust as a sign of confidence placed in us and the very competitive and cost-effective product that we offer. We are with our clients that need to meet their reporting obligations and are looking forward to welcoming more of them in the future.”
REGIS-TR will continue to improve its services and follow its strategy to become a one-stop-shop for trade reporting in Europe. Another step will be REGIS-TR’s recognition as Registered Reporting Mechanism for reporting for trades under the Regulation on wholesale Energy Market Integrity and Transparency (REMIT). Additional value-added services will be reporting under FinfraG (the Swiss Financial Market Infrastructure Act) and Shadow Banking.
Contributed | what does this mean?