Clearstream to sell its 50% share in Regis-TR to Iberclear

Karthik Subramanian

Clearstream, one of the oldest clearing organizations, has announced that it has sold its 50% share in Regis-TR to Iberclear, which already owns the rest of the shares.

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This makes Iberclear, the sole shareholder of the company and with it being the subsidiary of the Swiss exchange, SIX, it is an important acquisition for the exchange as it greatly complements its business by providing reports on trade and transactions across a variety of product classes and jurisdictions. The deal is expected to close sometime in 2022 and the details of the transactions and the financial terms were not disclosed by either company.

Javier Hernani, Head Securities Services & Member of Executive Board, SIX, highlighted: “We are very happy to now fully integrate the REGIS-TR business, which has already been an integral part of BME’s business portfolio. We look forward to taking the business into its next phase of development within SIX. We are delighted to now fully welcome the entire REGIS-TR team and their talent and expertise to SIX.”

Regis-TR is a European company that collects trade and transaction data and is open to fintech companies and so far it has collected over 3.2 billion messages making its datasets very important for trading. The joint venture was formed in 2010 between Clearstream and Iberclear and with this acquisition, SIX would hope to expand the business of trade reporting and also hope that it can consolidate this data into its own systems to provide a more wholesome offering for its clients in the future.

It is reported that Clearstream, by exiting the company, would be looking to focus its business and efforts on custody and funds services in the future. On the other hand, SIX digital exchange has been looking to grow and expand beyond Europe and had recently opened an office in the US to help add more clients from that region and to serve them better. The company would be hoping that this acquisition would provide it with an attractive package that can be pushed to its clients and this would help the company in its expansion and also improve its product range. Trade data is always an in-demand service as far as trading clients and institutions are concerned and SIX and Iberclear would be glad to have got their hands on this data.

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