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Colin Coleman, Abide Financial

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ICAP invests in Abide Financial

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ICAP plc has made a strategic investment in Abide Financial, a market-leading global regulatory reporting specialist. The investment will enable Abide Financial to continue to expand its global footprint and capabilities.

Increased scrutiny of the financial services industry has created significant opportunities for specialist firms to help companies keep up with new regulatory demands. Since it was established in 2011, Abide Financial has emerged as a market leader in the provision of regulatory reporting technology, ensuring market participants are compliant with evolving reporting obligations. The 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 this strategic investment through Euclid Opportunities, its early stage funding programme to support innovative financial technology firms in the areas of post-trade risk management, data and financial market applications. 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. 
 
Steve Gibson, Managing Director of Euclid Opportunities, says: “As an increasing number of financial services companies are looking for effective ways to optimise their post trade reporting capabilities, we believe the opportunity for Abide Financial is significant. Clients have spoken to us about the high regard they have for Abide Financial’s expertise, product quality and service levels, which they are now able to expand globally. We look forward to supporting Abide through the next stage of their development.”
 
Collin Coleman (pictured), CEO and Founder of Abide Financial, says: “We are delighted to have ICAP plc as one of our investors. This investment allows us to expand our reach and strengthen our position as the partner of choice for all of the market participants’ transaction reporting needs internationally.  Most importantly this investment contributes to a crucial growth stage of Abide and helps us scale operations at a faster rate. Significantly, ICAP will also be our client, and Abide will manage their MiFID, EMIR and, on behalf of their clients, REMIT reporting obligations.”
 

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