By integrating the Actiance Alcatraz cloud-based content archive with Fonetic’s ATR surveillance and trade reconstruction, the companies will offer a solution that breaks up data siloes and provides instant and accurate access to and analysis of historical and current trading activity. Companies will have a single platform for capturing, archiving, analyzing and enforcing compliance on trade-related activities, for both written and voice communication through all channels.

“Financial Institutions have historically stored information and processed data in discrete areas,” said Juan Manuel Soto, Chief Executive, Fonetic. “Our collaboration with Actiance will provide a unified and integrated solution to store and analyze written and voice communication of pre- and post-trade data. In the face of MiFID II, these capabilities are increasingly critical for financial institutions.”

Integrating Industry-leading Solutions For a Fast, Deep Analytic Dive Into Trade

“Actiance is excited to have Fonetic as a key solution partner in the Actiance Developer Program,” said Barry Ruditsky, SVP Business Development and Global Alliances, Actiance. “Our customers are actively seeking an open content repository that seamlessly integrates with next generation analytics, surveillance and discovery applications. Alcatraz and Fonetic together offer a high value solution that accomplishes this for customers looking to implement MiFID II.”

Fonetic’s ATR surveillance provides the ability to reconstruct a trade by analyzing and combining relevant email, instant messaging and voice recordings, in full compliance with MiFID II and Dodd Frank. ATR gathers, flags and organizes all the data relating to a transaction in a single area for investigation in less than 30 minutes. This provides speedy information for managers, regulators and clients to meet regulatory inquiries; monitor trading; and identify any incorrect trade reporting to avoid costly fines and sanctions, protecting reputations and preserving revenues. 

Under the agreement, ATR will be integrated with Alcatraz, a fully context-aware content store and data control layer capable of archiving over 80 different types of digital communications, ranging from email to enterprise social networks, financial networks, and public social media. It enables compliance and eDiscovery with a single, unified view of all communication channels, the ability to retain and display conversational threads, and sub-second search and retrieval.