Broker XTX Markets hired Andrew Brand from Close Brothers last month
Electronic market-maker XTX Markets has
inked a deal with regulatory reporting firm Abide Financial to
help it manage its transaction reporting requirements.
Abide will manage XTX’s
reporting compliance across regulatory regimes including
European Markets Infrastructure Regulation (Emir), Mifid, Mifir
and the Securities Financing Transactions Regulation
Mike Irwin, chief operating officer at XTX
Markets and former State Street brokerage COO, said: "We
appointed Abide Financial as our reporting partner because of
its specialised focus on transaction reporting. Abide
doesn’t 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
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