Simplifying  regulatory compliance for commodity trading firms

Simplifying-Regulatory-Compliance-For-Commodity-Trading-Firms

Regulatory change and growing scrutiny of compliance is increasing complexity, cost, and risk for commodity trading firms. At the same time, firms are under increased pressure to modernize their compliance operations to cope with a growing number of systems, communications channels, and data sources.

SteelEye’s simplifies compliance through its robust and efficient holistic data platform for record keeping and archiving, supervisory oversight, best execution, and more.

76% of firms rank surveillance as one of their top two investment priorities for the next 12 months.

[Source: Annual Compliance Health Check Report 2022]

Intelligent Compliance Solutions
for Commodity Trading Firms

Commodity trading firms are required to comply with a wide range of regulatory obligations, from record keeping and communications monitoring, to trade surveillance and reporting. 

With scrutiny of non-compliance higher than ever, firms must have watertight compliance processes for meeting these rules.

SteelEye’s market-leading compliance technology consolidates your data, simplifies 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 - for robust record keeping. The platform provides advanced tools to ensure that your regulatory reporting, communications oversight, and trade surveillance exceed regulatory standards.

Browse our range of compliance solutions

Accurate Compliance
Starts and Ends with Data

With SteelEye, commodity trading firms get greater control of their data for compliance and beyond. SteelEye enables you to bring together multidimensional data on a single platform, providing a holistic view of transactions, communications, market data, news, and more. 

Once consolidated, data can be seamlessly used to meet multiple regulatory needs:

Data Archiving and eDiscovery

Financial firms’ compliance teams are finding it difficult to deal with disparate data, which is often spread across various legacy systems. SteelEye consolidates firms’ data covering trades, orders, communications, market data, social media, and news under a single lens, ensuring that record keeping is compliant and auditable. All data is readily searchable and retrievable. 

Explore SteelEye’s data platform

Communications Surveillance

Commodity trading firms are required to record, archive, and monitor business-related communications carried out by regulated employees. SteelEye's communications compliance platform allows firms to archive and proactively monitor communications data from a variety of eComms, vComms, and traditional channels. 

Learn more about our Comms Capture

Holistic Oversight and Trade Surveillance

Financial firms are required to monitor for market manipulation. To avoid penalties, firms must ensure they have in place effective supervisory processes and policies. SteelEye's holistic platform, smart reporting tools, and advanced algorithms for supervisory oversight ensure that risks are flagged and dealt with swiftly. 

Learn more about holistic surveillance

Best Execution and Transaction Cost Analysis

SteelEye’s 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. You have the ability to set up alerts, detect outliers from your Order Execution Policy (OEP), and deploy rapid backtesting.

See how we enhance best execution

Automated MiFIR reporting

Save time and cost on regulatory reporting with SteelEye. Our transaction reporting solution boosts data integrity and eases any worries of human error. This is achieved through the seamless consolidation of regulatory data, which is normalized and enriched before automatically compiling the daily transaction reports.

See how we simplify regulatory reporting

Transforming compliance for commodity trading firms 

Poor data quality often leads to inefficient or non-compliant compliance processes. Some of the issues that firms face are:

  • 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 provides a far-reaching RegTech platform that simplifies compliance through data innovation. Built by a team of data scientists, technologists, and compliance experts, the platform enables commodity trading firms to access and analyze all their mission-critical compliance data and manage multiple regulatory obligations - all on a single platform.

Benefits of SteelEye

Holistic data management and enhanced insights

With SteelEye, commodity trading firms can effortlessly bring together and overlay their structured and unstructured data on a single platform. Data can be used to meet a range of compliance obligations and for bespoke reporting, intricate analysis, and management information.

Meet multiple needs on a single system

The SteelEye platform simplifies compliance and offers integrated solutions for record keeping, trade and communications surveillance, best execution monitoring, and reporting. The platform can be accessed and used by multiple departments with easily configurable access rights and restrictions.

Efficiency gains & cost savings

SteelEye's cloud-based platform drastically reduces your workload and provides cost efficiencies. With speedier investigations, rapid data searches and exports, and advanced workflow automation, you can save both time and resources.

Tavira Securities

“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.”

Capital Index Logo

"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."

AvaTrade

“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.”

DMA

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

Ardent Financial

“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.”

Why leading firms use SteelEye
for regulatory compliance

By 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.
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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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SteelEye - Commodity Trading Firms Compliance
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