AQMetrics, a regulatory technology firm, has topped the 'Best RegTech Solution' category at the 2020 HFM European Services Technology Awards.

This builds on the firm's victory in the 'Best Regulatory Reporting Solution' category at the HFM European technology awards last year. Since then, its growth has been swift.

Now in their 11th year, the HFM awards are distributed in 40 categories and go to firms that perform services for hedge funds. Most of them are to do with quality of service to clients, product development and high rates of business growth.

AQMetrics was founded in 2012 and provides software that allows financial firms to comply with the European Union's Alternative Investment Fund Managers' Directive, its second Markets in Financial Instruments Directive, Form PF (the investment advisor's report to the US Securities and Exchange Commission), CPO-PQR (quarterly reports made by commodity pool operators to the US Commodities and Futures Trading Commission) and Undertakings in Collective Investments in Transferable Securities. It caters for fund administrators, hedge funds, asset managers and fund mancos.