RegTech Insight Brief
Motive Partners Announces LPA Acquisition
Specialist fintech investor Motive Partners has announced the acquisition of a controlling interest in Lucht Probst Associates (LPA), a German software provider founded in 1999 which focuses on regulatory compliance for capital markets and wealth management, as well as providing strategic advice and implementation services. Motive will support LPA in accelerating the company’s growth, including product development, international expansion, and strategic hiring.
TORA Teams with NEX for MiFID II Trade/Transaction Reporting
TORA has partnered with NEX Regulatory Reporting to add MiFID II trade and transaction reporting capability to its cloud-based order and execution management system (OEMS). NEX operates an Approved Reporting Mechanism (ARM) and Approved Publication Arrangement (APA) under MiFID II. The initiative, which provides buy-side firms with a straight-through-processing solution that reduces the operational demands of the regulation, follows last December’s launch of an artificial intelligence (AI)-driven pre-trade transaction cost analysis (TCA) solution to help firms meet their MiFID II best execution requirements.