New firm to join EU derivatives repository melee

Two years into regime, Abide Financial targets trades it sends to Regis-TR

esma-hq
Esma will review Abide's application

Roughly two years after the first batch of six European firms were granted approval to act as derivatives data warehouses, a seventh is planning to enter the fray, with a slightly unusual approach.

Abide Financial currently sends its clients' data to existing trade repository, Regis-TR, but now hopes to cut off that flow by becoming a repository in its own right. Clients will be given the choice of continuing to send data to Regis-TR or leaving it with Abide.

Banks are not convinced the new

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