The new pre-validation platform will be available to over 2,300 executing entities which are using Deutsche Börse’s ARM (Approved Reporting Mechanism) service. It will add enhanced testing and data quality remediation capabilities, as well as pre-submission validations, for all transactions destined for any of the 25 National Competent Authorities (NCA) to which Deutsche Börse is connected.
How does this change the independance of services within NEX such as TriOptima? TriOptima currently provides optimisation services in the cleared and uncleared markets to firms like LCH. LCH has other compression partners, is that an opportunity for others to take market share from TriOptima as it will now be aligned with CME? Full PDF on the transaction attached below.