Regnology, a Frankfurt, Germany-based software provider of regulatory reporting solutions, acquired CG3-1, a Valparaiso, IN-based firm specializing in regulatory calculations for the USA broker-dealer market.
The amount of the deal was not disclosed.
With the acquisition, Regnology will further expand its footprint in the US with dedicated solutions for broker-dealers, covering regulatory capital, customer reserve, and portfolio margin requirements. This integration will also enable CG3-1 to deliver a better client experience through advanced orchestration and enhanced workflow efficiency.
Established in 2018, and led by CEO President Charles Greiner III, CG3-1 has become a main solutions provider for US broker-dealers to comply with regulatory requirements such as SEA 15c3-1, SEA 15c3-3, and FINRA Rule 4210.
Led by CEO Rob Mackay, Regnology is a technology firm aiming to bring safety and stability to the financial markets. With an exclusive focus on regulatory reporting and more than 34,000 financial institutions, 60 regulators, international organizations and tax authorities relying on its solutions, it is positioned to bring data quality, efficiency and cost savings to all market participants.
FinSMEs
16/10/2024