Trading Compliance and Surveillance for Investment Managers
CSS TradeSentry streamlines identification of market abuse, insider dealing detection, and best execution, making it an ideal tool for addressing SEC Rule 206(4)-7 and the EU Market Abuse Regulation. Key benefits of the platform include:
Get complete transparency into the trading activities of your Firm with TradeSentry. Offered as a cloud-based solution, Sentry connects directly to client trading systems, providing compliance analysts and traders with timely compliance alerts, risk management workflow tools, and post-trade compliance risk reporting.
- Consolidated, enterprise-wide trade capture across all asset classes with the ability to drill-down into individual accounts, asset classes, strategies, or custom trade collections.
- Flexible and easy-to-use trade queries to automatically identify potential misconduct and visualizations to gain better insights into compliance risks.
- Access to industry-leading reference data provided by IHS MarkitTM including transaction cost analysis for equity, fixed-income and foreign exchange (FX).
- Streamlined user-workflows and collaboration tools for both the front-office and back-office. Includes comprehensive reporting and task management to validate trade desk supervision and market surveillance.
Transaction Cost Analysis (TCA)
Compare trade executions to industry standard benchmarks with Markit TCA
- Monitor execution performance by account, broker, or trading venue
- Analyze trading volumes, commissions, and fees for executing brokers
- Create best execution compliance reports for Rule 206(4)-7 annual testing
|ASSET CLASS||MARKIT TCA ™|
Account Impact Analysis
Identify side-by-side management issues and evaluate the fairness of order aggregation and trade sequencing procedures. Compare trade executions to internal benchmarks such as volume weighted average price, volume weighted average strategy or model price.
Trade Performance Analysis
Detect trade-by-trade performance anomalies. Map trades to material market events, earnings announcements, and online news publications.
Compare trade allocations to expected allocations or baseline values for each account. Monitor allocations for fairness to all eligible accounts; identify instances of trade exclusion and potential allocation errors.
Trade Performance Analysis
Detect aberrational performance on a trade-by-trade basis and map trades to material market events, earnings announcements, and online news publications.
Monitor self-dealing by detecting cross trades, principal transactions, restricted securities, and counter-positions.
Monitor the frequency of short-term trading activity, identify anomalous trading patterns and unreported trade errors.