Awarded Best Trade Reconstruction Solution for Best Execution
London, 12 June 2019: SteelEye, the compliance technology and data analytics platform, was awarded Best Trade Reconstruction Solution for Best Execution at yesterday’s TradingTech Insight Awards – North America 2019. Celebrating excellence, the TradingTech Insight Awards recognise outstanding performance by Data Management, Trading Technology and RegTech vendors in the financial services industry.
Regulations such as MiFID II and Dodd-Frank have imposed the requirement for financial firms to recreate all the conditions surrounding a trade or order within 72 hours following a request from a regulator. With various systems and disparate data sources, gathering the required information represents a significant challenge for firms.
SteelEye’s Trade Reconstruction capabilities were designed to address this challenge and help firms effortlessly reconstruct trades and orders, helping them prove to the regulator exactly how, when and why a trade or order took place. SteelEye enables this by unifying communications, trade, order, market and reference data under one lens, allowing firms to instantly search and retrieve records.
Matt Smith, CEO of SteelEye, commented: “The manual workflows and vast amounts of scattered data we often see in financial services firms make it nearly impossible to meet the 72-hour trade reconstruction deadline should a request come in. With SteelEye, Compliance Officers can rest assured, knowing they have the right tools to quickly and effortlessly recreate any trade or order. This is another great recognition of our hard work, as we strive to enable firms comply smarter and fully leverage their data.”
Andrew Delaney, Chief Content Officer at A-Team Group, said: “Congratulations to SteelEye on winning the award for Best Trade Reconstruction Solution for Best Execution at this year’s prestigious TradingTech Insight North America Awards. These awards are highly sought after and recognise some of the leading solution and service providers helping trading organisations maximise their potential while remaining compliant.”
For further information, please contact:
Marketing Director – SteelEye
+44 (0)203 176 8306
Richard Morgan Evans/Fariba Ghazizadeh/Merlin Evans
+44 (0)203 195 3240
SteelEye is an intelligent data platform which brings together a wealth of data under one lens, enabling companies to derive enhanced value from their own information. By using SteelEye to consolidate and normalise trade, order, communications, market and reference data on one platform, financial firms can effortlessly comply with a range of regulatory mandates. This allows firms to meet their requirements for trade and communications surveillance, transaction reporting, record keeping, trade reconstruction and best execution reporting under regulations such as MiFID II, EMIR, MAR, Dodd-Frank and SM&CR.
With everything under one lens, firms gain new insights into their business activities, helping them trade with greater efficiency and improve profitability, while meeting their regulatory obligations.
Founded in 2017, SteelEye brings together a diverse team with deep expertise in trading, compliance, cloud computing, data science and machine learning. Our mission is to help financial firms comply smarter and fully leverage their data. With SteelEye, firms can future-proof themselves in a world where data intelligence is a key source of competitive advantage. For more information, visit: www.steel-eye.com.