Deutsche Bank has chosen the London Stock Exchange Group’s Trade Discovery compliance solution as it seeks to meet increasingly rigorous regulatory demands.
The solution is specifically set to help with Fundamental Review of the Trading Book (FRTB) demanding data requirements – wherein the body requires those institutions which implement rules via their own market risk models, to access reliable data.
Namely, accurate and comprehensive data – specifically regarding cross-asset class financial instruments traded in regulated and over-the-counter (OTC) markets.
Fausto Marseglia, head of product management, FRTB and regulatory propositions at LSEG, further explained: “The independent audit of our solution reaffirms its accuracy and regulatory compliance. With our broad data coverage and trusted partnerships with major global market infrastructure providers, we are confident that we can help Deutsche Bank meet the complex requirements of FRTB.”
Currently, the largest FRTB data gap comes from OTC products – where LSEG’s coverage comes into play across both OTC and exchange traded derivatives instruments, through Tradeweb, LCH, Fenics Market Data, and Parameta Solutions.
Specifically, LSEG’s Trade Discovery offering aggregates data across: rates, credit, FX and equities.
Piers Robson, FRTB initiative director at Deutsche Bank, said: “LSEG’s Trade Discovery solution provides us with comprehensive and trusted data to ensure our market risk models comply with regulation while supporting our fixed income business to retain its competitive edge in a dynamic market environment.”