TORA has launched a new reporting solution, giving asset managers the ability to see and report on their trading operations anytime, anywhere.
Asset managers are under increasing pressure to meet increased transparency, reporting and best execution requirements demanded by clients and regulators under MiFID II. To help meet these challenges, TORA, a cloud-based order and execution management system, has launched TOR Reporting.
The company’s new solution provides managers with new insights into their trading operations and helps them improve their investment performance. Fund managers and traders can monitor trading activity in real time and conduct TCA to quickly assess trader and broker performance across different venues, algo strategies and other criteria.
TORA Reporting can also help other areas within a fund, enabling operations teams to report on matching and settlement performance. It also assists compliance teams in monitoring trade- and portfolio-level compliance violations. Compliance and technology teams can also manage secure access to TORA Reporting through detailed user access controls and two-factor authentication.
Robert Dykes, TORA CEO said: “For fund managers to succeed in today’s highly regulated and competitive environment, they need information at their fingertips that will help them run their operations as efficiently and effectively as possible. Because the TORA platform is a single application that includes trading, risk, compliance and post-trade functions, TORA Reporting can provide clients with a holistic view of their operations, as well as the ability to drill deep into any area, helping them make more informed decisions about how to run their business.”
The solution provides report templates for each TORA module: OEMS, compliance, Risk and Post-Trade Ticketing. It also enables used to access regulatory report templates including templates for MiFID II trade and transaction reporting, as well as accessing transaction Cost Analysis (TCA) and best execution report templates. TORA Reporting can also use historical data based on any time interval.
With headquarters in San Francisco, TORA has over 250 employees across offices in Jersey, Tokyo, Hong Kong, Boston, Singapore, Sydneyand Cluj-Napoca. It provides a full suite of SaaS-delivered execution, analytics and compliance tools, as well as order, portfolio, allocation, commission and risk management capabilities, TORA’s products are utilised by hundreds of the industry’s leading hedge funds, asset managers, proprietary trading firms and sell-side trading desks globally.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
