Trade Compliance Analyzer

TRADING COMPLIANCE & REPORTING FOR INVESTMENT MANAGERS

Offering post-trade compliance testing and reporting software solutions for Investment Managers. The platform 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.

BEST EXECUTION
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 BENCHMARKS

EQUITY

Full Day VWAP
Interval VWAP
Arrival Price
Arrival Price to Close VWAP

FIXED INCOME

EVB End of Day
T-1 End of Day
T+1 End of Day
T-1 through T+1 Average Price

FX

Time-Stamp Mid-Rate
4pm London on Trade Date
4pm London T-1
4pm London T+1

TRADE SEQUENCING
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.

INSIDER TRADING
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.

TRADE ALLOCATION
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.

MARKET MANIPULATION
Monitor end-of-day, end-of-month, and end-of-quarter trading volumes for each security type, account, or strategy. Detect trading patterns for window-dressing, portfolio-pumping or aggressive trading.

CROSS TRADES
Monitor self-dealing by detecting cross trades, principal transactions, restricted securities, and counter-positions.

SHORT-TERM TRADES
Monitor the frequency of short-term trading activity, identify anomalous trading patterns and unreported trade errors.

LiteAdviserEnterprise
Account Impact Analysis
Allocation Testing
Block Trades
Brokers Analysis & Commission Testing
Cross Trades
Short-Term Trades
Trade Performance Analysis
Volume Profiles
Transaction Cost Analysis
Portfolio Holdings & Turnover
Return Dispersion Analysis
Searchable Trade History
Global News Feed
IHS Markit TCA Data
Global Security Master
Number of UsersUp to 3Up to 10Unlimited
Number of Accounts1 Account1 AccountUp to 3
Data Transfer ProtocolFile UploadSFTPSFTP or API


Whatever your needs, Ascendant will work with you to make compliance a source of strength.

Please call 1-860-435-2255 for more information.

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Latest Content

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On February 7, 2018, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued their 2018 Examination Priorities (see Ascendant’s summary here). In addition to defining their examination priorities for the year, the OCIE staff offered some insight into the National Exam Program.  Specifically, they defined the following five principles in executing their exam priorities: … Continued

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SEC Chairman Jay Clayton had some stern advice for market professionals, especially gatekeepers, who he said need to act responsibly and hold themselves to high standards. Speaking via videoconference during Securities Regulation Institute’s recent annual conference, he said, “To be blunt, from what I have seen recently, particularly in the initial coin offering (“ICO”) space, they … Continued

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Ascendant works together with clients to identify and assess critical needs through customized plans. If you need assistance with compliance functions, regulatory services, cybersecurity or technology tools, we’d love to speak with you.