Solutions for Trade and Transaction Reporting

Due to recent market turbulence and regulatory initiatives, capital market firms are under increasing pressure to submit data for reportable transactions by close of business on the day following trade execution. Not doing so can result in heavy fines.

We help companies avoid penalties that result from non-compliance by offering a fully integrated suite of services that align processes and operations with new guidelines. These include:

• Current and future state reviews — We analyze existing transaction reporting processes and systems, identify the ideal transaction reporting environment based on the needs of the business and applicable regulations and develop a roadmap for achieving it.
• Process and testing — After tailoring our methodology and test case scenarios to meet unique client requirements, we conduct a variety of tests, including:
  • Transaction completeness
  • Transaction accuracy
  • Transaction control

We also develop processes for non-reportable transactions and the full transaction cycle reconciliation to sample ARM and FSA data.

• Technology and operations — We provide a wide range of technology and operations support, helping firms identify and document front-to-back data flows, identify real-time and end-of-day batch processes, select testing packages and design and implement relevant testing systems.
• Quality assurance — With a focus on quality and data accuracy, we conduct rigorous QA testing, identify and manage any issues and delineate transaction reporting roles and responsibilities.

Clients can choose from three delivery options, including traditional onsite support, an outsourced approach in which we perform testing at our location and an offshore model, using our extensive Global Distributed Delivery (GDD) model.