SteelEye, the compliance technology and data analytics platform, was awarded Best Trade Reconstruction Solution for Best Execution at yesterday’s TradingTech Insight Awards – North America 2019. Celebrating excellence, the TradingTech Insight Awards recognise outstanding performance by Data Management, Trading Technology and RegTech vendors in the financial services industry.
Regulations such as MiFID II and Dodd-Frank have imposed the requirement for financial firms to recreate all the conditions surrounding a trade or order within 72 hours following a request from a regulator. With various systems and disparate data sources, gathering the required information represents a significant challenge for firms.
SteelEye’s Trade Reconstruction capabilities were designed to address this challenge and help firms effortlessly reconstruct trades and orders, helping them prove to the regulator exactly how, when and why a trade or order took place. SteelEye enables this by unifying communications,trade, order, market and reference data under one lens, allowing firms to instantly search and retrieve records.
Matt Smith, CEO of SteelEye, commented: “The manual workflows and vast amounts of scattered data we often see in financial services firms make it nearly impossible to meet the 72-hour trade reconstruction deadline should a request come in. With SteelEye, Compliance Officers can rest assured, knowing they have the right tools to quickly and effortlessly recreate any trade or order. This is another great recognition of our hard work, as we strive to enable firms comply smarter and fully leverage their data.”
Andrew Delaney, Chief Content Officer at A-Team Group, said: “Congratulations to SteelEye on winning the award for Best TradeReconstruction Solution for Best Execution at this year’s prestigious TradingTech Insight North America Awards. These awards are highly sought after and recognise some of the leading solution and service providers helping trading organisations maximise their potential while remainingcompliant.”