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The Market Data and Services division of Deutsche Börse has bought the UK-based Impendium Systems and its Elements regulatory compliance platform. The Elements platform analyses and checks the trading data, ensuring that the increasingly onerous regulatory reporting requirements can be met quickly and efficiently. The first implementation of this service will be to meet the requirements of EMIR (European Market Infrastructure Regulation) as it seeks to improve transparency and reduce risks in derivatives trading. The Elements platform is a fully managed solution that can be tailored to a client’s specific reporting obligations and will be expanded to include key regulations across Europe and Asia-Pac.
This acquisition, for single digit millions of Euros will boost Deutsche Börse’s push for growth in Market Data and Services which generates around 20% of group turnover and follows about six months of co-operation between the two companies. The use of Impendium’s private cloud-based systems provides a low-cost and rapidly implementable solution for DBG’s extensive list of clients and meets a pressing requirement as many regulatory programmes have implementation windows over the next 18 months .
Impendium was set up in 2006, recognising the opportunity created by the rising tide of regulation in Financial Markets and has built a business supporting a number of large US Investment banks globally as well as European corporates across energy and power utilities. Impendium’s CEO, Stuart Clark won the 2011 Emerging Entrepreneur Award from the Worshipful Company of Information Technologists. Congratulations to them and to John O’Connell, the founder of the Entrepreneurs initiative at WCIT, for spotting a real talent, and also for mentoring him as he dealt with the exigencies of the 2008 Financial Crash.
