Orc expands electronic trading offering
Trading solutions provider Orc has unveiled an expanded trading and electronic execution offering that offers a complete derivatives trading workflow including pricing, analysis, execution and post-trade risk management.
The new electronic execution offering is part of Orc’s efforts to re-design its connectivity platform. It will offer high-frequency derivatives trading and will be provided alongside Orc’s newly launched Professional Services offering, which lets clients integrate and customise Orc’s product set for specific trading needs.
“One of the challenges for our clients is to manage derivatives institutional order flow with easy access to the markets of their preference in an efficient way, especially in the area of risk management and compliance,” said Jesper Alfredsson, chief strategy officer for Orc. “In addition to our global connectivity, we also provide the execution tools needed to manage high volume, latency-sensitive order flow. This includes integrated tools for risk management and compliance leveraging our vast experience in derivatives trading.”
GRC and Kyriba team up for EMIR compliance
Global Reporting Company (GRC), the reporting arm of recently announced derivatives venue Global Market Exchange Group, has partnered with treasury management services provider Kyriba to help clients comply with the European market infrastructure regulation (EMIR).
The agreement enables Kyriba’s clients with a European presence to implement an EMIR reporting solution through GRC’s fully outsourced reporting service. The GRC solution is driven by a connection with REGIS-TR, a trade repository.
“Thanks to this partnership with GRC, our clients can now be fully compliant with the upcoming EMIR regulation, without the need to either develop expensive and complex custom projects for direct trade reporting, or be stuck with the inflexible option of delegating reporting to bank counterparties,” said Rémy Dubois, managing director for Kyriba EMEA.
ASC partners with Sinclair Voicenet
Communication software provider ASC has signed a partnership agreement with voice recording firm Sinclair Voicenet, the latter of which will now offer ASC’s recording and quality management suite to its client base.
Solutions offered by both firms are designed to help firms meet regulatory requirements and to mitigate risk through call recording and analytics.
“This partnership will enhance our portfolio of solutions and enable us to increase our market share, particularly with small and medium sized organisations,” said Peter Gough, director of Sinclair Voicenet. “ASC’s innovative range of contact centre solutions will help our SMB customers to increase operational efficiency and deliver the highest level of customer service.”
Thomson Reuters and b-next launch trade compliance platform
Thomson Reuters has teamed up with compliance solutions provider b-next to provide buy- and sell-side firms with improved trading compliance monitoring systems.
Thomson Reuters Accelus Market Surveillance service will integrate b-next’s surveillance capabilities with Thomson Reuters’ data, analytics and managed services to give compliance managers market abuse monitoring and alert management capabilities for traded and OTC assets.
“Continuous pressure and ever increasing obligations to regulators require firms to systematically monitor trading activity and report any suspicious trading,” said Martin Porter, UK director at b-next. “The complexity of trading instruments and the global reach of a firm’s trading venues requires a versatile, flexible and efficient solution to monitor all of a firms trading activity.”