Business Need

The brokerage industry is subject to a vast array of rules and regulations, from a wide variety of regulatory agencies, including but not limited to, the Securities and Exchange Commission ("SEC"), the Federal Reserve, the various self-regulatory organizations ("SRO"), National Association of Securities Dealers ("NASD", and the New York Stock Exchange ("NYSE") as well as the Securities Commission in every state where the broker or his firm has customers, has an office, or solicits prospective customers.

Market Makers do need to make sure that their trading systems will not allow violations from these rules in the form of Front Running, Spoofing and Trading Away from the Market, just to name a few. Market Makers also need to ensure that they are providing proper Limit Order Protection and also displaying customer's intentions in their public quotations and are meeting their Best Execution Obligations.

Avebury Logic Can Help

Working with a major Market Maker on NASDAQ, Avebury Logic developed several end-of-the-day reports to properly identify violations from the trading norms, infractions which demand further investigation and general variances from the trading practices and patterns.

We can do the same for you!

Working together, we can implement a comprehensive suite of Compliance Tools which will help you in detecting such trading patterns in your data. We can also implement a Monitoring and Alert Notification of Trading Activity system to help you in taking actions on these violations.

Features

• Compliance Tools developed using industry standard and highly portable SQR
• Database Connectivity
• Windows (XP/ .NET) solution for alert handling