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Our team has had a busy fall on the conference circuit! We attended STA’s 91st Annual Market Structure Conference in Orlando and the FINRA Small Firms Conference in Chicago. Both events provided valuable opportunities to hear from expert voices and connect in person with capital markets firms, regulators and fellow RegTechs. Through our continued active dialogues, we further deepened our understanding of the compliance hurdles firms face each day.
At the STA conference, discussions centered on the SEC’s active agenda. The recent wave of market structure reform – from the newly adopted tick size rule to the transition to T+1 settlement to new broker-dealer registration requirements – suggests higher stakes amid growing regulatory scrutiny, particularly for markets historically underserved from a trade surveillance perspective, like fixed income. All firms are grappling with the need to meet these compliance burdens while navigating significant operational challenges.
At the FINRA event, we learned more about the specific compliance challenges faced by small firms, many of which rely on inadequate trade surveillance manuals. In our conversations, we shared the benefits of a comprehensive trade surveillance program, anchored by a technology platform that increases efficiency and accuracy at scale. One point that resonated with many attendees was the value of Surveyor’s streamlined onboarding process. Our approach to data normalization, integration, and implementation enables our clients to get up and running quickly without overburdening their IT teams, all at a cost that accounts for the realities small firms face. We provide an alternative to both inadequate manual processes and costly implementations that take months to get off the ground.
Our overall takeaway from this events season: there has never been a bigger need for elegant trade surveillance solutions. Yes, we’re biased, but with compliance departments under more pressure than ever, they need every advantage – whether on accuracy, workflow efficiency or cost savings. With the right partner in place, these firms can make trade surveillance the least of their worries, so they can focus on other efforts toward building a culture of compliance and helping their firms adapt in today’s complex regulatory environment.
– Lisa Balter Saacks, President, Trillium Surveyor
Product Spotlight
Now Live! Best Execution Analytics – Dashboard Enhancements
Assess performance, uncover trends and make better decisions with our newly enhanced best execution analytics product. Developed in conjunction with expert industry practitioners and built to adapt to the latest regulatory requirements, our platform provides instant insights into critical order routing metrics, seamlessly highlighting trend data to help inform trading and performance strategies.
Our latest dashboard enhancements include:
- Intuitive visualizations and configurable charting – Rapidly understand data, assess trends, and compare results with intuitive visualization tools
- Robust filtering – Filter results by time period, order size, order type, or symbol so you can optimize your order routing for even the most niche situations
- Easy report generation – Create, refine, and export execution quality reports for internal or external use
- Powerful drilldown capabilities – Dive into dedicated screens for each execution quality metric, with related statistics and detailed historical and industry-wide comparisons
As always, we welcome your feedback on functionality, enhancements, and modifications to improve your experience with Surveyor. Reach out to support@trilliumsurveyor.com to start a conversation.
Where We’ve Been, Where We’re Going
STA’s 91st Annual Market Structure Conference
At last month’s STA Market Structure Conference in Orlando, our Head of Business Development Rob Cope spoke with Forefront Communications on how recent SEC activity could impact industry firms, regulators’ increased focus on fixed income, and the value of hearing directly from regulatory officials on the event circuit. Watch the full video on STA’s LinkedIn.
FINRA Small Firms Conference
It was fantastic to see so many new faces and connect with longtime industry friends at the FINRA 2024 Small Firm Conference. We’re so glad that our signature orange sneakers and caps were a huge hit!
Looking Ahead
NSCP National Conference – October 27-30
This month, we will exhibit at the NSCP National Conference for the first time, where we’ll be showcasing our innovative trade surveillance and analytics solutions. Swing by Booth 41 to pick up some fun giveaways and start a conversation.
Annual FIA Futures and Options Expo – November 18-20
We will also be onsite at FIA’s Futures & Options Expo in November, taking place at the Sheraton Grand Chicago Riverwalk, to talk all things trade surveillance.
More details to come via our social channels!
Crowdsource Corner
With regulators scrutinizing trading behavior like never before, satisfying trade surveillance requirements while maintaining efficiency at the firm level is no easy feat. This is especially true for fixed income surveillance. This trending asset class is highly fragmented and complex, requiring a higher level of sophistication to properly monitor.
We want to hear from you: What do you see as the biggest challenge in performing effective trade surveillance for fixed income markets?
- Market complexity and data fragmentation
- High cost of market data and infrastructure
- Evolving regulatory requirements
- Lack of subject matter expertise within teams
Don’t see your answer listed below? Shoot us an email to let us know.
