Succession Systems says real-time trade compliance system deployed by Newedge to meet Canadian Requirements


Succession Systems says real-time trade compliance system deployed by Newedge to meet Canadian Requirements

http://www.automatedtrader.net/news/at/142800/succession-systems-says-real_time-trade-compliance-system–deployed-by-newedge

Anthony Masso, CEO, Succession Systems

Anthony Masso, CEO, Succession Systems

“We tune the implementation to scan the orders in nanoseconds.”

New York City/Toronto РSuccession Systems said Newedge Brokerage had deployed its pre-trade compliance solution to meet regulatory requirements for automated trading risk controls in Canada and the United States.

“Compliance requires the consolidation of real time¬†trading flows across many different trading technologies,” said Anthony Masso, CEO Succession Systems. “A broker may have several different trading systems and the Market Access Risk System must adapt to all the platforms in use by clients.”

Succession said its TripleCheck Market Access Risk Solution consolidates, controls and reports on the trade flow from third party trading platforms, direct market access routers, and co-located proprietary servers.

“We tune the implementation to scan the orders in nanoseconds,” Masso said.

Brokers in Canada were given until May 31 to deploy the trading controls needed to meet rules for Canadian exchanges. Pre-order entry filters are required across all trading activity for brokers to manage trading exposures of clients in real time.

New automated trading regulations have been rolling out around the world after the US Securities and Exchange Commission introduced rule 15c3-5 in 2011.

Succession said that prior to the ruling, many brokers relied on their overnight back office systems to reconcile the trades and calculate the client positions, whereas regulators now wanted checks done in real time so that risk limits are enforced on an intraday basis.

OTC Clearing and Regulations

My views on OTCs and Regulations

Knowledge Problem

Commentary on Economics, Information and Human Action

northoceanscm

4 out of 5 dentists recommend this WordPress.com site

Aditya Ladia's Blog

Forex, Investment and Finance

Soltis Consulting, Inc.

Business Concepts, Ideas, and Information

intradaynifty

An Endeavor To Explore The Uncertanity

All About Cyber Security and Financial Technology and Beyond

The Future of FinTech and Cybersecurity are Interlocked: Creating the Secure Future of Financial Technology Today

symphony

Read about latest trends in Algo Trading in India or visit our website symphonyfintech.com

Trading Smarter

Thought Leadership, Insight and Product Information from TradingScreen

Tales from a Trading Desk

Noise from an Investment Bank

NPA Computers

Bringing you info about the latest on Internet Technology

duanetilden

An online journal of International Energy Trends, Green Building, Sustainability and Climate, A&E, Data, Security, CryptoCurrency and Social Media

Trade News in Brief

International Economic Affairs & Relations / Regional & International Organizations / Global Commerce & Business

SingleDealerPlatforms.Org

The Single Dealer Platform Community

Carl A R Weir's Blog

A Cross Asset Connectivity and Finance WordPress.com site

%d bloggers like this: