Abide Financial, the award-winning and market-leading regulatory reporting specialist, has been appointed by XTX Markets to manage compliance with multi-asset, multi-regime transaction reporting obligations.
XTX Markets, ranked recently in the top three eFX Spot liquidity providers globally (by market share) in the prestigious Euromoney FX Rankings (and the only non-bank to be ranked amongst the top ten FX liquidity providers overall), partners with counterparties, exchanges and e-trading venues globally to provide liquidity in Equity, FX, Fixed Income and Commodities markets.
Mike Irwin, Chief Operating Officer, XTX Markets said: We appointed Abide Financial as our reporting partner because of its specialised focus on transaction reporting. Abide doesnt just provide a transaction processing conduit but a fully managed and end-to-end solution. Its strategy to own the complete reporting lifecycle (as an ARM and TR) was also a key differentiator in our decision-making process.
Chris Bates, Founder and CCO, Abide Financial said: We are delighted to be XTX Markets reporting partner and to deliver a transaction reporting service that will provide complete peace of mind, allowing them to focus on their core business, rather than this particular part of the regulation. XTX Markets wants a holistic approach to reporting and Abides multi-regime reporting services provides just that.