Tora, an Asia-focused agency broker and trading technology provider, has launched a new compliance tool within its TORA Compass order and execution management system to help its clients manage their workflows more efficiently.
When dealing with compliance breaches, TORA Compass now provides either audio or visual alerts, requests approval from appointed senior management or rejects incoming orders.
Using the new compliance function, Tora clients can also develop rules specific to orders, portfolios or fund mandates. Orders can be checked from within the trading blotter or a dedicated compliance blotter, and there are reporting capabilities that incorporate audit trails and trade order history.
“In a time-sensitive environment where there is increased oversight, and little room for regulatory error, it is essential that traders are armed with tools which are functional yet flexible in their ability to deliver absolute compliance when executing orders,” said Chris Jenkins, managing director, sales and operations, Asia-Pacific at Tora. “By leveraging the flexible architecture, TORA Compass has the ability for rapid implementation of custom rules and functionality. This allows us to respond to our clients' needs and help them meet regulatory or mandated responsibilities.”
TORA Compass is an electronic trading platform that offers a suite of execution options that allow hedge funds, mutual funds and proprietary trading desks access to 24 exchanges across 14 countries.