Compliance Solutions Strategies has acquired TradeChannel, a provider of post-trade regulatory reporting, data and systems integration software.
CSS, a RegTech platform backed by CIP Capital, enables compliance professionals across the global financial services industry to navigate complex regulatory requirements.
TradeChannel’s post-trade capabilities will bolster CSS’s Trade Monitoring and Analysis solutions, which currently include position limit monitoring, substantial shareholding disclosure and post-trade surveillance, among others.
The company will also extend CSS’s global footprint to the Nordic markets, providing TradeChannel clients with access to CSS’s suite of solutions, while opening new territories in EMEA and North America for TradeChannel as part of the broader CSS RegTech platform.
“The addition of TradeChannel and its innovative regulatory compliance products aligns perfectly with our existing suite of best-in-class software solutions and services,” said John Lee, President of CSS. “The TradeChannel team has developed a unique skillset and domain knowledge within connectivity and regulatory transaction reporting that will allow CSS to offer additional value to our clients and prospects as we continue our European expansion.”
Based in Stockholm, Sweden, TradeChannel is a Nordic financial community with post-trade regulatory reporting, data and systems integration software solutions. The company, which supports reporting for regulations such as EMIR, MiFIR, FinfraG and SFTR, provides its services to Nordic asset managers, pension funds, banks and insurance companies.
“We are tremendously excited by the range of opportunities from this highly attractive combination,” said Mikkel Mördrup, CEO of TradeChannel. “We quickly realized that CSS and TradeChannel share the same values, so we felt very comfortable joining the CSS platform. We look forward to introducing our valued clients to a broad range of new regulatory compliance solutions currently offered by CSS.”
With offices in New York City, Salisbury (CT), Dublin, London, Paris, Stockholm and Amsterdam, CSS platform’s solution offering encompasses regulatory reporting, regulatory data management, trade monitoring and analysis and compliance services.
It addresses a full range of mandatory regulatory and compliance requirements globally and serves a client base across asset managers, alternative investment funds, investment advisors, broker-dealers, banks and insurance companies.
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