Abide Financial Wins Transaction Reporting Contract for Kyte Group
London (PRWEB UK) 9 July 2013 -- Abide Financial, experts in regulatory reporting and one of only three commercial ARMS, today announced that it has won the contract to provide end to end transaction reporting to Kyte Group using Abide’s TransacPort.
Abide Financial will provide a seamless reporting and validation service for all the Group’s transactions across its wide range of clients. This reduces overall costs for the Group and ensures ongoing regulatory compliance under MiFID, regardless of whether the regulations change.
The Kyte Group Limited (KGL) is an integrated clearing, broking and investment service provider for professional traders and investors around the world. KGL provides market access to exchange-listed, traditional and alternative investment instruments including financial futures and options, cash stocks, cash bonds, warrants, Forex and commodity derivatives.
Thomas Texier, COO, from Kyte Group Limited commented: “Abide Financial impressed us, not only with their software and service expertise, but also their market knowledge. Their solution is flexible enough to deal with constantly changing regulatory demands while still providing clear and concise reporting tailored to the needs of our business.”
Chris Bates from Abide Financial said: “This contract is a ringing endorsement of Abide’s award-winning transaction reporting solution and we’re delighted to be providing Kyte Group with TransacPort. By working with Abide and putting all their transaction reporting through TransacPort, we can ensure that whatever the volume or complexity of the trades they execute on behalf of their clients, KGL’s compliance reporting will be quick, seamless and delivered to the regulator in exactly the form required.
“Over the past six months, Abide has seen demand for our products increase significantly, and we are now processing over 112 million lines of data a day for our clients.”
For further information, please contact:
Lindsay Vetch / Christian Mahne at Vetch Mahne Ltd: 020 3488 3100
Notes to Editors
Abide Financial Ltd was established in response to the ever-increasing burden posed by capital market regulation. Founded by industry experts, Abide Financial seeks to set the standard in terms of the range, quality and value of Transaction Services offered to its clients. Less than a year after being approved by the FSA, Abide’s TransacPort platform won “Best Transaction Reporting Solution 2012” at the Compliance Register Platinum Awards. Further information can be found at http://www.abide-financial.com
Abide Financial are approved by the FCA for Transaction Reporting ISIN, OTC and Aii transactions.
Chris Bates, Abide Financial, http://www.abide-financial.com, 0207 148 0973, [email protected]
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