24 October 2017
Find out more

Icap takes stake in regulatory reporting firm Abide Financial

07 September 2015  |  6430 views  |  0 Icap logo web screen shot

Interdealer broker Icap has made a 'transformational' investment in regulatory reporting outfit Abide Financial.

Established in 2011, the London-based company acts as a reporting hub for Emir, Approved Reporting Mechanism (ARM) for MiFID and Regulatory Reporting Mechanism (RRM) for Remit. Specialised reporting services are also provided for entities subject to international regulatory regimes such as Dodd Frank, ASIC (Australia) and MAS (Singapore).

Icap has made its investment through Euclid Opportunities, its early stage funding programme to support innovative financial technology firms. Euclid Opportunities forms part of the post trade division of Icap, which also comprises TriOptima, Traiana, Rematch, Reset and Icap Information Services. Portfolio companies include Enso Financial, OpenGamma and Duco.

Collin Coleman, CEO and Founder of Abide Financial says the investment - the size of which was undisclosed - will enable the firm to continue to expand its global footprint and capabilities.

"This investment contributes to a crucial growth stage of Abide and helps us scale operations at a faster rate," he says. "Significantly, Icap will also be our client, and Abide will manage their MiFID, Emir and, on behalf of their clients, Remit reporting obligations.”

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

LSE and Boat to build MiFID II trade reporting service

LSE and Boat to build MiFID II trade reporting service

03 September 2015  |  8615 views  |  0 comments | 3 tweets | 4 linkedin
Icap invests in portfolio reporting and data analytics firm EFM

Icap invests in portfolio reporting and data analytics firm EFM

20 June 2013  |  4986 views  |  0 comments | 2 tweets | 1 linkedin
Icap sells Traiana stake to banks

Icap sells Traiana stake to banks

14 January 2013  |  5420 views  |  0 comments | 2 linkedin
Icap makes investment in Model Two Zero

Icap makes investment in Model Two Zero

04 December 2012  |  4749 views  |  0 comments | 1 tweets | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.fivedegrees.nlvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20632 views comments | 31 tweets | 44 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15569 views comments | 24 tweets | 33 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11181 views comments | 12 tweets | 23 linkedin

Featured job

circa £250K total package
London

Find your next job