Liquidity Edge, an alternative trading venue for US Treasuries, has implemented Inforalgo’s Regulatory Reporting Hub (RRH).
Inforalgo will provide integration solutions for rapid new client onboarding and post-trade STP solutions to support both LiquidityEdge’s LE Direct and LE Select trading models.
The solution will help LiquidityEdge produce reports and match trading data into a harmonised data set for integration into their data analytics reporting. RRH facilitates real time reporting from LE Select to FINRA TRACE for US Treasuries. This fulfils LiquidityEdge’s obligations for their riskless principal leg of the trade and ensures compliance with market reform and rule changes relating to transparency.
Nichola Hunter, CEO of LiquidityEdge, said: “Reporting can be onerous and it’s important that we provide an efficient and effective solution to support our clients in meeting their obligations. Inforalgo’s best-of-breed technology allows us to meet transactional data set requirements, including matching, reconciling and reporting. As a result, we have been able to reduce the effort required in meeting reporting obligations with greater speed and accuracy.”
Inforalgo claims RRH provides an agnostic approach to the data source and reporting service requirements of clients across asset classes. It enables disparate data sources to be normalised into a standard reporting data model, which can then be integrated with a client’s chosen reporting solution. This provides clients with ability to select a single reporting service to meet all their reporting obligations.
“LiquidityEdge provides a phenomenal service for its clients and RRH helps relieve them of much of the burden that comes with FINRA TRACE reporting,” added Jordan Ambrose, CEO at Inforalgo. “We look forward to strengthening an already strong relationship and supporting the company’s growth plans with our data management solutions.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
