Bank Accelerates Regulatory Reporting by 3 Months
Challenge
Rising Cost and Complexity of Compliance with Emerging Regulation
- Compliance implementation across diverse trading platforms and execution venues
- Creation of a consistent means of timestamping and capturing reportable events across multiple asset classes
Solution
Single System for Consistent Capture Across Multiple Asset Classes, Platforms and Protocols
- Time-sequenced record of the entire order lifecycle for Equities and Fixed Income transactions
- Automated correlation and normalization of messaging changes that occur across infrastructure such as gateways and smart order routers
- Nanosecond-precision order record timestamping with identification of clock synchronization anomalies to satisfy current regulatory requirements and to reduce cost burden of future, more stringent rules regarding timestamping
- API integration with existing storage systems to automate long-term record keeping data retention
Results
Reduced Operational Cost and Complexity of Compliance
Compliance timeline by 3 months
Compliance-driven changes to trading operations
IT staff productivity through automation
