The newest trade repository in town preps for uphill battle

Ex-head of CME Group’s repository services looks to disrupt regtech with his startup, recruiting talent from market structure firms that have scaled back regulatory reporting businesses.

Where some have failed, others hope to succeed. Jonathan Thursby, CEO and founder of startup trade repository and regtech provider Kor Financial, is hoping that he can succeed in an industry where large incumbents have been winding down their businesses.

As regimes like the European Market Infrastructure Regulation (Emir) brought in post-financial crisis transparency rules, large market infrastructure providers leveraged their capabilities to offer trade repository and trade and transaction

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