RECORD KEEPING

Effortless Compliance Record Keeping and Archiving for Financial Services

Screenshot of SteelEyes dashboard

YOUR RECORDS STORED SECURELY & ACCESSED INSTANTLY

Comprehensive record keeping is the foundation of all compliance requirements. Under MiFID II alone, records of all activities and transactions must be kept for up to 7 years. This includes all transactions, even if they didn’t conclude.

The records that need to be kept are wide-ranging and include orders, trades, phone calls, mail, faxes, email, instant messages, documents, sales and marketing research, and even meeting minutes. This breadth of records would be challenging enough, but it does not end there.

Regulations such as MiFID II require you to store all records in tamper-proof, Write Once, Read Many (WORM) immutable format; and should the regulator request it, you may be required to retrieve or access records within 72 hours.

To achieve this, firms need to bring together large quantities of data and have the ability to access that data quickly. However, with many firms operating multiple platforms for trading, order management and compliance, this can end up consuming huge amounts of resource.

REDUCING THE COMPLEXITY AND COST OF COMPLIANCE 

SteelEye is designed to reduce the complexity and cost of compliance and enables you to effortlessly bring together structured and unstructured data - including emails, databases, text documents, trade data, spreadsheets and even audio and instant messages like Bloomberg chat - from disparate systems and leverage that data for simplified and cost-effective compliance. 

With SteelEye, all your data is ingested and stored in a WORM format, thus satisfying your regulatory requirements for record keeping under MiFID II, Dodd-Frank and other global regulations.

Once ingested, all data is normalised, mapped and indexed, making it instantly searchable and retrievable. This means it only takes seconds to zoom in from a portfolio level down to a single order view.

Record Keeping is part of the SteelEye Data Platform, which also includes Trade Reconstruction and Trade and Order Analytics. Want to know more? Download the SteelEye Data Platform service overview.

eDiscovery

With our advanced eDiscovery and machine learning technology, you can effortlessly identify, retrieve and reproduce any data set, automatically detect and analyse anomalies across both structured and unstructured data, and create and easily export cases for further investigation. This enables you to take control of your financial data, meet regulatory demands, and avoid costly sanctions. 

Your data, your success

With SteelEye, you can instantly query any data set, build auditable cases for investigation and easily export reports, freeing up resource and improving efficiencies.

Powerful analytics

By bringing together your data from disparate systems, you gain unparalleled insight into your business, empowering you to improve your decision-making and ultimately achieve better trading outcomes.

Confident compliance

With all your data in one place, you can rest assured, knowing you that you are meeting your record keeping obligations and can effortlessly and quickly reproduce the conditions surrounding any trade or order.

AWARD WINNING RECORD KEEPING SOLUTION

SteelEye was recognised as the Best Solution for Records Retention in the 2020 RegTech Insight Awards

LEARN MORE

Other products

SteelEye Data Platform

Trade surveillance

Communications surveillance

Regulatory Reporting

Best execution

SteelEye Data Platform image (1)

 

DON’T JUST COMPLY.
COMPETE.

Gain the new insights to improve your competitive edge with a single lens for all your financial data. Download our service overview to find out more. 

DOWNLOAD