The HFM European Services Awards recognise and reward hedge fund service providers who have demonstrated exceptional client service, innovation and strong and sustainable business growth over the past 12 months.
Following the recent wave of regulatory implementations, it is no secret that firms have struggled with the complexity and cost of compliance, with smaller firms being hit the hardest.
Regulatory reporting requires firms to compile and report vast amounts of data. However, with up to 65 data fields and over 300 validation criteria under MIFID II alone, this can end up consuming significant time and budget.
SteelEye was specifically designed to reduce the complexity and cost of compliance and enables firms to manage multiple obligations through a single platform, so they don’t have to build separate solutions for each regulation. SteelEye's regulatory reporting module effortlessly consolidates, normalises and enriches regulatory data in real-time and automatically compiles the required reports. Reports can then be scheduled for automatic or submission or submitted manually to a trade repository, NCA or ARM. This high degree of automation enables clients to improve their operational efficiency and free up resource.
In 2019, SteelEye delivered new levels of automation to its transaction reporting solution and extended its market data coverage to enable firms to streamline their reporting, save cost and free-up time. SteelEye also expanded its regulatory coverage to include reporting for EMIR and SFTR.
Other shortlisted companies are AQMetrics and Buzzacott. Read more about the awardshere.
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, EMIR, Dodd-Frank, SMCR and MAR.