Compliance Solutions Strategies, which is backed by CIP Capital, has acquired Stockholm-based TradeChannel, a provider of post-trade regulatory reporting, data and systems integration software solutions to the Nordic financial community.
NEW YORK, NY – Compliance Solutions Strategies (“CSS”), the leading global RegTech platform backed by CIP Capital that enables compliance professionals across the global financial services industry to navigate complex regulatory requirements, has acquired TradeChannel, a leading provider of post-trade regulatory reporting, data and systems integration software to the financial services industry. TradeChannel, based in Stockholm, Sweden, provides automation of transaction reporting for data intensive reporting requirements under EMIR, MiFID II and the upcoming challenge of SFTR to a blue-chip client base comprising asset managers, pension funds, banks and insurance companies in the Nordic markets.
The mission-critical regulatory reporting and data integration solutions of TradeChannel will greatly add to CSS’s leading technology-enabled regulatory compliance offering. TradeChannel’s post-trade capabilities will further deepen the value proposition of CSS’s Trade Monitoring and Analysis solutions, which currently include position limit monitoring, substantial shareholding disclosure and post-trade surveillance, among others. TradeChannel will also extend CSS’s global footprint to the Nordic markets, providing TradeChannel clients with access to CSS’s diversified suite of regulatory compliance solutions, while simultaneously 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.”
“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.”
TradeChannel is a leading software company that assists the Nordic financial community with post-trade regulatory reporting, data and systems integration software solutions. Its client base includes major Nordic asset managers, pension funds, banks and insurance companies. TradeChannel is based in Stockholm, Sweden.
About Compliance Solutions Strategies
CSS is a global RegTech platform delivering a set of comprehensive and highly-complementary technologyenabled regulatory solutions that serve compliance professionals across the financial services industry.
The CSS platform’s solution offering encompasses regulatory reporting, regulatory data management, trade monitoring and analysis and compliance services. CSS address 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. CSS maintains a global footprint across both the United States and Europe with offices in locations including New York City, Salisbury (CT), Dublin, London, Paris, Stockholm and Amsterdam. For information please visit: www.CSSRegTech.com.