Abide Financial Looking to Scale with ICAP Acquisition
Markets operator adds regulatory reporting specialists to post-trade services
With its acquisition of regulatory reporting specialist Abide Financial, markets operator and post-trade services provider ICAP plans to offer a sophisticated end-to-end product for regulatory reporting.
ICAP first invested in Abide last summer, and the acquistion was announced this week. Abide is now a subsidiary of ICAP's post-trade risk information (PTRI) division. Neither party has disclosed the terms of the acquisition.
"The purpose of the acquisition from the ICAP post-trade perspective is
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