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 |
FIXED INCOME | EVB End of Day |
FX | Time-Stamp Mid-Rate |
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.
| Lite | Adviser | Enterprise | |
|---|---|---|---|
| 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 Users | Up to 3 | Up to 10 | Unlimited |
| Number of Accounts | 1 Account | 1 Account | Up to 3 |
| Data Transfer Protocol | File Upload | SFTP | SFTP 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.
