The agreement means that ICAP can progress its global expansion faster and more effectively.
ICAP plc, a markets operator and provider of post trade risk mitigation and information services, announced today that it has acquired Abide Financial, a global regulatory reporting specialist.
The news comes a year after ICAP made an investment in the firm for an undisclosed sum, as reported by Finance Magnates.
Abide will become a subsidiary of ICAP’s Post Trade Risk and Information (PTRI) division. Collin Coleman, Abide’s CEO, will report to Jenny Knott, CEO of PTRI.
Abide is a company with big potential and ambitions.
Michael Spencer, Group Chief Executive Officer at ICAP, commented: “Abide is a company with big potential and ambitions, and by capitalising on ICAP’s relationships, knowledge and resources, it can be propelled to the next level in its growth.This acquisition demonstrates how the team at Euclid works and how it will continue to operate as we transition to become NEX.”
Following the acquisition, Abide will integrate its regulatory reporting hub and venues with Traiana’s connectivity and ICAP’s PTRI Approved Publication Arrangement (APA) reporting service providing PTRI’s client base with a full spectrum of integrated reporting solutions for entities subject to regulatory regimes in Australia, Canada, Europe, Hong Kong, Singapore, the UK and the US.
Regulatory Reporting
Abide Financial is a provider of regulatory reporting technology which ensures market participants are compliant with evolving reporting obligations. The company acts as a reporting hub for EMIR, Approved Reporting Mechanism for MiFID and a Regulatory Reporting Mechanism for REMIT. Abide is currently awaiting ESMA’s approval to become a Trade Repository and is developing its MiFiD II offering.
Collin Coleman, CEO and founder of Abide Financial, added: “The agreement with ICAP means that we can progress our global expansion more quickly, more successfully and more effectively. We were a good fit from the outset - ICAP is a very entrepreneurial company that knows how to nurture talent and grow businesses. This agreement means that we will have the resources to cement our position as the partner of choice for market participants’ regulatory reporting needs globally.”
The transaction has been led by Euclid Opportunities, ICAP's investment arm focused on emerging fintech companies.
Through Euclid, ICAP has made a number of financial technology investments identifying companies with platforms, business models and technologies that have the potential to drive efficiency, transparency and scale across the post trade lifecycle.
The portfolio includes Duco, a data control platform, OpenGamma, an award winning risk Analytics firm, AcadiaSoft, an industry collaboration to automate collateral management, Cloud9 Technologies, a Cloud-based communication provider and Digital Asset Holdings, a developer of Distributed Ledger Technology.
In April 2016, ICAP acquired ENSO Financial Analytics, a leading provider of a data analytics platform for hedge funds and prime brokers, following previous investments by Euclid.
ICAP plc, a markets operator and provider of post trade risk mitigation and information services, announced today that it has acquired Abide Financial, a global regulatory reporting specialist.
The news comes a year after ICAP made an investment in the firm for an undisclosed sum, as reported by Finance Magnates.
Abide will become a subsidiary of ICAP’s Post Trade Risk and Information (PTRI) division. Collin Coleman, Abide’s CEO, will report to Jenny Knott, CEO of PTRI.
Abide is a company with big potential and ambitions.
Michael Spencer, Group Chief Executive Officer at ICAP, commented: “Abide is a company with big potential and ambitions, and by capitalising on ICAP’s relationships, knowledge and resources, it can be propelled to the next level in its growth.This acquisition demonstrates how the team at Euclid works and how it will continue to operate as we transition to become NEX.”
Following the acquisition, Abide will integrate its regulatory reporting hub and venues with Traiana’s connectivity and ICAP’s PTRI Approved Publication Arrangement (APA) reporting service providing PTRI’s client base with a full spectrum of integrated reporting solutions for entities subject to regulatory regimes in Australia, Canada, Europe, Hong Kong, Singapore, the UK and the US.
Regulatory Reporting
Abide Financial is a provider of regulatory reporting technology which ensures market participants are compliant with evolving reporting obligations. The company acts as a reporting hub for EMIR, Approved Reporting Mechanism for MiFID and a Regulatory Reporting Mechanism for REMIT. Abide is currently awaiting ESMA’s approval to become a Trade Repository and is developing its MiFiD II offering.
Collin Coleman, CEO and founder of Abide Financial, added: “The agreement with ICAP means that we can progress our global expansion more quickly, more successfully and more effectively. We were a good fit from the outset - ICAP is a very entrepreneurial company that knows how to nurture talent and grow businesses. This agreement means that we will have the resources to cement our position as the partner of choice for market participants’ regulatory reporting needs globally.”
The transaction has been led by Euclid Opportunities, ICAP's investment arm focused on emerging fintech companies.
Through Euclid, ICAP has made a number of financial technology investments identifying companies with platforms, business models and technologies that have the potential to drive efficiency, transparency and scale across the post trade lifecycle.
The portfolio includes Duco, a data control platform, OpenGamma, an award winning risk Analytics firm, AcadiaSoft, an industry collaboration to automate collateral management, Cloud9 Technologies, a Cloud-based communication provider and Digital Asset Holdings, a developer of Distributed Ledger Technology.
In April 2016, ICAP acquired ENSO Financial Analytics, a leading provider of a data analytics platform for hedge funds and prime brokers, following previous investments by Euclid.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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