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.

Contact Us

Latest Content

Evolution of Fiduciary Rules Begins to Take Shape in SEC

On April 18, 2018, the SEC voted to propose several new rules and reforms related to fiduciary standards. The package intends to raise and clarify standards of conduct for broker-dealers and investment advisers, and to provide clarity regarding fees, conflicts and other material matters. It also aims to ensure that the standards can be understood … Continued

Insurance Considerations for Investment Advisers

How much coverage is enough? What types of insurance policies do you need? Whether you are starting an investment advisory practice, launching a new line of business, or reevaluating your existing risks, there are critical questions to ask to make sure you understand the various ways to protect your firm. Join us for a practical … Continued

Fifth Circuit Weighs In on DOL Fiduciary Rule

A panel of the U.S. Court of Appeals for the Fifth Circuit has vacated the Department of Labor’s Fiduciary Rule. In a 2-1 split, the Fifth Circuit’s decision overrules a Dallas District Court’s decision, which had previously upheld the rule. Unfortunately, the decision does little to settle the fate of the beleaguered rule. Although it … Continued

SEC Proposes Amending Investment Company Liquidity Disclosures in Forms N-PORT and N-1A

On March 14, 2018, the Securities and Exchange Commission (“SEC”) proposed amendments to the mutual fund liquidity-related disclosure requirements. Specifically, the proposal: Adds a new requirement to “briefly discuss the operation and effectiveness of the Fund’s liquidity risk management program during the most recently completed fiscal year” in the Fund’s Management Discussion of Fund Performance … Continued

Mailing List

Subscribe to the Ascendant Compliance email list for the latest compliance resources, conferences, ComplianceCasts™, and more.

Loading form...

Contact Us

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.