eflow, Vectalis team up to improve compliance within over-the-counter equity derivatives

UK-based RegTech firm eflow Global has teamed up with Vectalis, an equities derivatives platform, in a bid to improve both companies in the over the counter (OTC) equity derivative space.

By establishing connections between Vectalis’ UTS platform and eflow’s trade surveillance solution TZ, the companies will provide the OTC equity derivative market with an improved solution to simplify compliance workflows. Its service will have a particular focus on inter-dealer brokers.

Those operating in OTC trading typically have limited data fields, especially when deals are completed through spoken word, compared to electronic trading. This makes it harder to meet market abuse monitoring compliance processes.

Utilising Vectalis’ ability to enrich their clients’ data to input trade data into eflow’s TZ system will give firms a holistic and compliant market abuse solution.

Through the deal, Vectalis’ clients will be able to leverage eflow’s regulatory compliance solutions without implementation or additional data analysis, ensuring a streamlined compliance workflow.

Speaking on the partnership, eflow CEO and founder Ben Parker said, “This partnership with Vectalis is the start of something very exciting. By combining both UTS and TZ, we are providing the OTC Equity Derivative market with a seamless and compliant solution, setting a new benchmark for regulatory compliance for IDBs and beyond.”

eflow’s TZ is an end-to-end compliance suite, which offers best execution, transaction cost analysis, market abuse and transaction reporting. Through exception based and streamline workflows, clients can better leverage their data and automate various processes whilst ensuring compliance against regulations.

Vectalis’ UTS is the only platform to offer a streamlined workflow from pre-trade to post-trade, offering price dissemination/discovery, exchange block trades, broker confirmations and reporting.

Vectalis global head of business development and executive director Julien Flaquieres said, “Vectalis is delighted to partner with eflow and thus to enhance its one-stop services platform for EQD: UTS.

“Thanks to eflow, Vectalis will be able to bring a new compliance layer to UTS proving, along with price dissemination, block trades, confirmations and pricing integration, its scalability and its capacity to support its clients in their new challenges, whether it should be business, operations or regulatory wise.”

eflow has been in a growth mode over the past few months. It recently launched a major update for its regulatory reporting hub TZTR, which allows the tool to collect, ingest, test and perform real-time reconciliation on data from any data source, regardless of format.

Ben Parker recently spoke to FinTech Global about eflow’s journey over the years and how the team took the 2008 financial crash as an opportunity to completely change its business model. While a risky decision, it proved the right call with eflow coming out as a major RegTech solution.

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