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.
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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.
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