smartTrade Technologies, a multi-asset electronic trading pioneer, announces that its multi-asset big data analytics solution, smartANALYTICS, won the RegTech 2018 award for Best Solution for Records Retention voted by members of the Data Management Review and Intelligent Trading Technology communities.
With the introduction of Mifid II and other regulations, financial firms are now required to keep detailed records of their entire order flow and execution logic for several years. Record keeping and data storage go beyond compliance and allow financial firms to gain market intelligence. Our clients have proactively been leveraging this data recording obligation to analyse and spot patterns and correlations in their trading to improve their execution efficiency.
smartANALYTICS, smartTrade's sophisticated multi-asset big data analytics and reports solution, allows clients to store their quotes, RFQs, orders and trades in a high-performance, flexible and secure tick database with microsecond precision. smartANALYTICS allows clients to leverage historical and real-time data by visualizing trends and analysis in monitoring dashboards as well as generating integrated reports. smartANALYTICS helps with regulatory reports such as RTS (Regulatory Technical Standards) 23, 27 and 28 and is also used to generate trading performance reports, such as order rejections, hit ratios, decay analysis and market impact, which are used to analyse and improve execution.
“We are honoured to be recognised by the Data Management Review and Intelligent Trading Technology community for delivering outstanding technology which helps clients fulfil their regulatory requirements,” commented David Vincent, CEO of smartTrade Technologies. “smartTrade was dedicated to ensuring our clients were fully equipped for January 3, 2018 with advanced reporting, auditing tools and trading performance analysis. This award rewards our commitment to delivering the best service possible to our clients.” he concluded.