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Bids, Mergers and Takeovers

ICAP's deal

13 October 2016 07:27

ICAP has acquired Abide Financial (Abide), a market-leading global regulatory reporting specialist.

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.

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, UK and the US.

Story provided by StockMarketWire.com

Related Company: IAP

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