MarketAxess has entered into an agreement to acquire the Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse.

The Regulatory Reporting Hub is a pan-European reporting and compliance platform with services including trade and transaction reporting, best execution reporting and SI services, as well as APA and ARM services.

Christophe Roupie, Head of EMEA and APAC at MarketAxess, commented: "With over 30 years of experience in providing regulatory reporting and data services to the world's leading financial institutions, we know just how important they are for our clients. With this acquisition, we're strengthening both our global post-trade and data businesses in two important ways: significantly extending our European client footprint, and increasing our ability to bring new, innovative technologies and solutions to a critical and complex part of the trade lifecycle."

The transaction is expected to close in the fourth quarter of 2020, subject to the satisfaction of customary closing conditions. Both MarketAxess and Deutsche Börse commit to a smooth service transition for all customers. The Regulatory Reporting Hub is being sold through Regulatory Services GmbH, a subsidiary of Deutsche Börse Group.