Tuesday 7 March 2023 – Leading regulatory technology firm, Kaizen Reporting today announced that it has acquired a majority stake in London Reporting House, a new service that brings unrivalled insight into the repo market.
London Reporting House’s platform anonymises, aggregates, enriches and analyses raw SFTR trade data from multiple sources to provide unprecedented views over, and depth into, the EU and UK repo markets. There are six key elements to London Reporting House’s offering which provide clients and market participants with analytics and metrics on GC repo curves and spreads, specials, collateral haircuts and prices, flows of new transactions and open interest.
The new London Reporting House products and analytics tools will be available via the Kaizen Hub, a web based RegTech platform for accessing a range of compliance tools.
Dario Crispini, CEO of Kaizen Reporting, commented: “Our partnership with London Reporting House shows our commitment to expanding the services we can offer our clients. It also highlights our belief in the expertise and creativity that Danny and Richard [Danny Corrigan: CEO and Co-founder and Richard Comotto: Head of product and Co-founder at London Reporting House] bring to LRH and the products they are building at LRH. The products they are creating provide invaluable information for trading and risk teams at a time when financial institutions are looking for enhanced transparency and data across all markets.”
Danny Corrigan, CEO and Co-founder, London Reporting House, commented: “We are delighted to be a part of Kaizen and by joining forces we are able to enhance our offering and build out our platform which leverages Kaizen’s IT infrastructure and legal framework for onboarding. Bringing their expertise and technology together with ours, we are able to offer the repo market a unique service that creates a transparent and deep view of the UK and EU repo markets.”
The terms of the acquisition were not disclosed.
About London Reporting House
London Reporting House was founded by a team of repo specialists who saw an opportunity to bring a new level of transparency to the repo markets. Having access to granular, detailed and timely data is invaluable for making superior investment decisions. London Reporting House’s repo analytics tools provide a deep and granular view of the market for front and back-office functions across the industry. Our products and analytics tools are available via the Kaizen Hub, a web based RegTech platform for accessing a range of compliance tools.
- For more information, please contact James Dunseath, Communications Advisor, on +44 (0) 7557 955795 or firstname.lastname@example.org