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 to our compliance layer, SpiderRock has become SOC-II compliant which greatly simplifies our client’s 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

We operate a 15c3-5 compliant MAR risk layer. Clients can also manage supervisory risk via granular, user-defined risk checks at the account, trader, and symbol levels.

REPORTING

OATS / 606

If SpiderRock acts as a broker, it facilitates mandatory OATS and 606 reporting requirements.

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.