Deutsche Börse’s Clearstream steps back from its 50-percent stake in the trade repository that it founded together with Spain’s CSD, Iberclear, in 2010.
After an announcement in 2019, Switzerland-based SIX took over Spain’s exchange group, BME, in 2020 – including Iberclear and its half of Regis-TR. Now, SIX becomes the single owner of the trade repository, by buying the other half of the joint venture from Clearstream.
The news was presented in a press release on Friday.
Regis-TR is licensed to provide repository services both under the EMIR and the SFTR regulations, as we noted here.
The regulatory reporting niche has seen consolidation lately, with
– Brexit dividing Europe and its providers,
– CME’s decision in 2020 to shut repositories including in Europe,
– Deutsche Börse selling its regulatory reporting hub (RRH) to existing provider MarketAxess,
– LSEG subsidiary Unavista Tradecho B.V. ditching its SFTR trade repository service (while continuing the EMIR-related part)
… and now the Clearstream exit from Regis-TR.