Enabling client data to flow directly from LMEselect into SteelEye
London, 23 March 2020: SteelEye, the compliance technology and data analytics firm, has become an approved LME ISV, passing all conformance tests to offer connectivity directly between LMEselect and SteelEye.
As an approved ISV, SteelEye is connected to LME and can receive clients’ FIX drop copies directly from their LMEselect platforms. The cloud-based connectivity is established using Colt’s On-net service, enabling direct and efficient data transfer.
With several clients already utilising the electronic LME member to member trading system, SteelEye recognised the benefits that becoming an approved LME ISV could bring.
“We are delighted to connect to LME and offer synergies and efficiency gains to our mutual clients,” says Matt Smith, CEO of SteelEye. “Rather than setting up additional data feeds, our clients’ data now flows seamlessly from LMEselect straight into SteelEye.”
LMEselect is the LME’s electronic member to member trading system, accessed by members of the exchange, allowing them to anonymously execute trades with other member firms. Clients of members are also able to access LMEselect through ISVs, such as SteelEye.
SteelEye is a RegTech and data analytics firm that was established to reduce the complexity and cost of financial compliance and enable firms globally to manage their regulatory obligations through a single platform.
SteelEye’s ability to bring together, cleanse, index and analyse structured and unstructured data across all asset classes and communication types enables clients to effortlessly meet their regulatory needs, because when all this data is in one place, compliance becomes both easy and cost-effective. And with everything under one lens, firms also gain fresh insight into their business, helping them improve their efficiency and profitability.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, SMCR, and MAR. For more information, visit: www.steel-eye.com.