Deutsche Boerse to Invest in Tech Startup RegTek Solutions
September 06 2017 - 5:00AM
Dow Jones News
By Max Bernhard
Deutsche Boerse AG (DBK.XE) said Wednesday it will invest in
startup RegTek Solutions in return for a joint minority stake in
the provider of control-and-compliance software.
Together with Illuminate Financial, Deutsche Boerse is to invest
$5 million in RegTek via series A financing, the German market
infrastructure provider said.
The investment comes amid the expected implementation of new
reporting requirements such as MiFID II and MiFIR in Europe, as
well as other upcoming regulations in the U.S. and worldwide,
Deutsche Boerse said.
New York-based RegTek provides specialized
control-and-compliance software for trade and transaction
reporting. The startup was founded in 2017 by Risk Focus Inc.
Deutsche Boerse said that DB1 Ventures, its corporate venture
capital unit, will manage the investment.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
September 06, 2017 04:45 ET (08:45 GMT)
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