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.

DTCC’s ALERT hits six million instructions

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.

Read this next

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”

Retail FX

Good For New Traders: Free Crypto Sign Up Bonus No Deposit Required

In cryptocurrency trading, where innovation knows no bounds and the stakes are as dynamic as the digital assets themselves, the concept of no-deposit bonuses comes off as an enticement both for old and new traders. 

Digital Assets

Binance announces banking triparty agreement

“We’ve developed a solution that ensures our institutional clients can optimize their collateral and cryptocurrency investments, modeled after the traditional markets’ trading conduct. We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating.”

Digital Assets

CoinEx fined $2 million in Québec, Canada

“This new decision follows the important decision obtained in earlier this year and is part of the AMF’s offensive against crypto asset trading platforms operating illegally in Québec that have not entered into pre-registration undertakings.”

Industry News

FINRA fines BofA Securities $24 million for spoofing in US Treasuries

BofA Securities failed to detect spoofing due to inadequate supervisory systems. These systems were not equipped to identify manual spoofing by traders.

Retail FX

Belgium regulator blacklists FXP360, Appex Finance, and Wise-Markets

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple ‎ platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

Digital Assets

MicroStrategy piles on Bitcoin, acquiring 0.90% of circulating supply

MicroStrategy, the world’s largest Bitcoin corporate holder, has further increased its holdings of the primary cryptocurrency. According to a recent filing, the company acquired an additional 16,130 bitcoins between November 1 and November 29, spending $593.3 million at an average price of $36,785 per bitcoin.

Display only crypto