Abide Financial applies to become trade repository

Transaction-reporting firm may be third-largest repository by volume

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Transaction-reporting specialist Abide Financial has applied to become a trade repository under the European Market Infrastructure Regulation (Emir). If approved, the firm is expected to be among the three largest trade repositories by reportable transaction volumes.

Abide is also in the process of launching an accelerated client on-boarding programme for Mifid II and Mifir compliance from the January 2017 implementation date. The company is an approved reporting mechanism for Mifid and a

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