Abide Financial Parts Ways with Founder and CCO Chris Bates

Chris Bates, founder and chief commercial officer of Abide Financial, has ‎severed its relationship with NEX Group’s Bristol-based trade reporting ‎specialist.‎

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Mr. Bates held this position for more than seven years, and his resignation ‎came into effect in February. During this tenure, he was tasked with ‎responsibility for delivering all aspects of the sales and marketing strategy.‏

Abide Financial is a provider of regulatory reporting ‎technology which ensures market participants are ‎compliant with evolving reporting Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term. The ‎company acts as a reporting Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term for EMIR, Approved ‎Reporting Mechanism for MiFID and a Regulatory ‎Reporting Mechanism for REMIT.

In 2016, the five-year old Abide was acquired by NEX Group plc, ‎formerly known as ICAP plc, to become a subsidiary of its post trade ‎risk and information division.‎

Mr. Bates has 14 years of experience in the financial industry, holding ‎different roles with various companies. Prior to Abide Financial, he served ‎as VP Sales and Marketing at IP Trade SA for three and a half years ‎between June 2007 and November 2010. ‎

The first role he listed on his LinkedIn profile was EMEA Sales Director at ‎BT Trading Systems, where was employed for more than three years, ‎between 2004 and June 2007. ‎