Broker-Dealer Compliance Software | RegTech for Brokers

The complexity of new regulations is a key challenge in broker-dealer compliance. Large fines have been handed out for breaches, so efficient data monitoring, surveillance, and reporting are vital. However, the growing number of data feeds and sources make compliance officers’ jobs increasingly difficult.

SteelEye’s transformational broker-dealer compliance software streamlines record keeping, enhances trade and communications surveillance, and simplifies regulatory reporting to ease the pressure on your team and save your firm money.

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“50% of firms view regulatory reporting as one of their top investment priorities for the year ahead.”

[Source: Annual Compliance Health Check Report 2022]

Broker-dealer compliance made simple
with comprehensive data consolidation

Stricter compliance rules are putting increased pressure on broker-dealers. With scrutiny of non-compliance higher than ever, your transaction reporting and data management processes need to be watertight, while your oversight and surveillance capabilities must be comprehensive.

SteelEye’s cutting-edge RegTech software, powered by automation, consolidates your data, simplifies broker-dealer compliance, and future-proofs your firm for regulatory change. Data is stored in an immutable, internationally compliant format (in line with CFTC, FINRA, IIROC, MiFID II, MAR, SEC rules, and more) for robust record-keeping and eDiscovery. Qualitative validation ensures your regulatory reporting, communications oversight, and trade surveillance meet regulatory standards.

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Take control of your data with SteelEye

SteelEye simplifies trade and communication oversight and regulatory reporting, letting you take control of your data for compliance purposes and enhanced insight. Get a consolidated view of your transactions and communications, and measure your performance against the wider market.

Here’s what to expect from our Broker compliance software:

A single platform to transform broker-dealer compliance

Legacy systems, data silos, and manual processes are key issues in broker-dealer compliance. Compliance teams are struggling to manage disparate data from various sources - some no longer supported by certain systems. To ensure your record-keeping is compliant and auditable, SteelEye consolidates your data under a single lens. Data is normalized, mapped, and indexed, so it’s readily searchable and retrievable.

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Automated regulatory reporting solution

SteelEye’s transaction reporting solution seamlessly brings together all of your regulatory data, normalizing and enriching it before automatically compiling your reports with unparalleled accuracy. Save time and cost on regulatory reporting, boost your data integrity, and ease any worries of human error.

See how we simplify regulatory reporting

Holistic oversight and surveillance

Today’s broker-dealer compliance requirements involve proactive data monitoring to detect suspicious activity. Regulators expect brokers to identify and stop potential threats swiftly, so efficient surveillance capabilities are a must to avoid penalties. SteelEye’s holistic surveillance solution, smart reporting tools, and advanced algorithms examine your trade and communications data on an integrated basis to ensure risks are flagged and dealt with quickly. You can also get automatic alerts for any suspicious activity or behavior.

Learn more about holistic surveillance

Ensure Best Execution

SteelEye’s comprehensive and asset class-agnostic solution enables effortless and continuous best execution monitoring and transaction cost analysis. Data is automatically enriched with external tick and reference data from a range of international exchanges. The platform enables you to set up alerts, detect outliers from your Order Execution Policy (OEP), and deploy rapid backtesting.

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Leverage integrated data for unparalleled insights

Thanks to our holistic data management solutions, you can leverage your data for a range of purposes, from building bespoke reports to intricate analytics and management information. Our next-generation Insights tool integrates disparate data sets to give brokerage firms a unique opportunity to create meaningful analyses and improve decision-making.

Discover the next-gen data insights tool

Transforming broker-dealer compliance
with data innovation

Data quality is one of the biggest barriers to reliable and accurate compliance. Our market-leading software helps you to keep up with global regulations and address the key broker-dealer compliance issues, such as:

Vast amounts of data from a growing number of sources
Silos, misalignment, and unstructured data
Legacy systems and processes
Regulatory change and increased scrutiny

SteelEye’s solutions are designed by regulatory experts, market practitioners, and data scientists who understand broker compliance needs. Our intuitive RegTech platform simplifies data management, eases your compliance worries, and helps you to gain a competitive advantage.

“We were looking for a solution that would allow us to meet our regulatory requirements and consolidate our ever-growing number of supported platforms, communication channels, and trade and order systems. SteelEye provided that solution.”

"Rather than approaching compliance obligations from the perspective of the individual regulations, SteelEye focuses on data and technology first. As we were evaluating our options, this gave us comfort that they would meet all of our needs."

“We have seen major benefit from the SteelEye solution. Not only in terms of meeting regulatory requirements for record-keeping and reporting, but also in terms of being able to derive important insight from interrogating the data to help us run our business more efficiently.”

“With SteelEye, we can meet multiple regulatory requirements within one platform, utilizing the same data set and get enhanced insight into our operations.”

“SteelEye enables us to automate as much of our compliance set up as possible, reducing the complexity of what can otherwise be an arduous and painful process. Very few other vendors offer the same breadth of regulatory compliance solutions.”

Key benefits of SteelEye’s
compliance solutions

Comprehensive data consolidation

Managing multiple vendors and bringing together data from various sources is a headache for compliance officers. Our solution consolidates your data to simplify record-keeping, regulatory reporting, trade surveillance, and communications oversight. The ability to overlay and make sense of both structured and unstructured data on a single platform is a game-changer.

Ease of use and cost-savings through efficiency

The efficiency of our cloud-based data management platform drastically reduces your workload and provides cost efficiencies for your broker-dealer firm. With speedier investigations, rapid data searches and exports, and advanced workflow automation, you can save both time and resources. The platform can be accessed and used by multiple departments with easily configurable access rights and restrictions.

Enhanced data management & insights

SteelEye’s advanced data management capabilities let you gain full visibility and control of your trading and compliance operations while our cutting-edge analytics provide timely insights on risks and opportunities. These insights give you a competitive edge and scope to improve performance.

Reduced risk of non-compliance

Penalties for regulatory breaches are a big concern for broker-dealers. You need demonstrable compliance across all activities. Our system tracks every interaction, from data ingestions and regulatory processes, to each login, change, or search made.

Why leading firms use SteelEye to bolster regulatory compliance

Combining automation, AI, and machine learning technologies, SteelEye enables firms to meet regulatory obligations more efficiently and accurately than any other solution. Integrate an unparalleled range of systems for holistic data management, compliance, and insight.

See our data-driven compliance platform in action

Watch this short video to get a glimpse of how our regulatory compliance tools work.

If you’d like a deeper look at the software, you can get a SteelEye demo. Take a test drive of our award-winning RegTech platform!

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Want to discuss our broker-dealer compliance software?

Our platform is built to meet today’s compliance requirements, as well as those of the future, for a seamless and continuous experience. To find out more about our broker-dealer compliance software, message us at sales@steel-eye.com or call +1 516-777-9931. You can also request a free consultation, where we’ll arrange a tailored session to discuss your key business challenges and how we can help you transform your compliance capabilities.

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Sophisticated broker-dealer compliance software