COMPLIANCE LAYER
We offer an elegant solution allowing your team to efficiently integrate your compliance requirements.
Compliance is a critical component of institutional trading. Having serviced this space for over 10 years, we understand the stringent compliance requirements placed on firms like yours. In addition, SpiderRock is a SOC 2 compliant organization, which has become an industry standard for any institutional clients when conducting their due diligence process.
Overview
Our system supports a wide array of compliance requirements. We cater to our clients technology specifications, offering several integration points into the core system via our proprietary MySQL API, specialized GUI tools, and FIX gateways. SpiderRock can also interface directly with your prime brokers as well as third party compliance systems.
FEatures
ELEGANT INTEGRATION TOOL
MySQL API (SRSE)
Clients can easily embed their compliance records (position files, locates, restricted lists, etc) by inserting them into corresponding MySQL tables. This input data is processed by the system in real-time and can be viewed via SRSE and GUI tools. In addition, SRSE is a querying engine allowing clients to retrieve live trade and risk data to update internal compliance and risk processes.
COMPLIANCE RECORDS
Start-of-day positions
We accept position files directly from the client or prime brokers to support portfolio risk management and act as an agnostic clearing fallback system.
Stock locates
We can support Reg NMS and manage the short sale condition based on client / prime broker uploading locates information if applicable.
Done away trades
Clients can upload their done away trades so that the SpiderRock system can mark orders automatically and provide a consolidated view of risk in real-time.
Restricted lists
The system will block trades in symbols that are part of restricted lists provided and uploaded by the client.
ACCOUNT CONFIGURATION
Firm / Account / User configuration
The system has strict validation checks at the firm, account, and user levels in order to accept parent order instructions.
Market Access Risk (MAR) / Supervisory risk limits
SpiderRock operates an efficient 15c3-5 compliant market access risk layer, which is mandatory to our system and implemented at on-boarding time. In addition, clients can manage more granular, user-defined risk controls at the trader and symbol levels using our supervisory risk limits.
REPORTING
CAT / 606 reporting
SpiderRock has implemented full proprietary CAT and 606 reporting capabilities.
End-of-day / Real-time
Flexible reporting based on Prime Broker(s) or Client OMS requirements.
CONSULT WITH US
We welcome any questions from your compliance team to facilitate their due diligence process. We will review your unique requirements together and propose the most appropriate solution for integrating with SpiderRock efficiently.
CONSULT
WITH US
We welcome any questions from your compliance team to facilitate their due diligence process. We will review your unique requirements together and propose the most appropriate solution for integrating with SpiderRock efficiently.