ICAP raises post-trade bar

ICAP says its post-trade risk and information division (PTRI) has made a series of enhancements that significantly expand its existing suite of regulatory services. These offer customers an end-to-end menu of products which meet MiFIR/MiFID II cross-asset reporting and processing obligations, it says. ICAP PTRI is also to create its own approved publication arrangement (APA) service; these solutions will also include Abide Financial (a regulatory reporting service provider that ICAP invested in last year), which will provide ICAP with access to a MiFID II/MiFIR Approved Reporting Mechanism (ARM) service to complement the overall group reporting strategy, the firm says.