Refinitiv Expands FX Post-Trade Analysis and Compliance Offering

Technology provider Refinitiv has launched Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data from over 50 sources, which is designed to help compliance teams reconstruct, oversee and efficiently analyze activity, the firm announced today.

An expansive new archive and supervision system, Refinitiv Compliance Archive is the latest initiative in the 13-year strategic technology collaboration between Refinitiv Messenger Compliance and Global Relay, which already serves over 1,000 joint customers in finance.

Refinitiv Compliance Archive is powered by Global Relay, a leader in fully-compliant Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based communication archiving. Its full suite of surveillance and trade reconstruction capabilities ensures that firms maintain complete visibility into their trade and communication activities while meeting their regulatory mandates.

Global Relay consolidates an extensive range of data streams and data solutions. Refinitiv FIX feeds can be ingested, either globally or selectively at branch level, capturing the Dealing chat data along with trade data, electronic communications, and voice for full compliance and complete trade reconstruction.

“It’s currently problematic and costly for compliance teams to accurately analyze FX post-trade activity, especially given the complexity of today’s regulatory market. Refinitiv Compliance Archive gives compliance managers a single point for all messaging sources, making it an effective and cost saving tool to help clients identify potential problems quickly,” Bart Joris, Head of FX Sell-Side Trading Proposition Management at Refinitiv says.

Reducing surveillance costs

“With the addition of Refinitiv Compliance Archive in its Trade Reconstruction portfolio, Refinitiv now offers fully integrated trade tracking across the entire Front, Middle and Back office, and we believe that Refinitiv Compliance Archive will help to significantly reduce surveillance costs as firms increasingly move from legacy and on-premise systems,” Joris notes.

Warren Roy, CEO at Global Relay, says that financial firms are under increasing regulatory scrutiny regarding the capture, supervision, retention, and management of their Post-Trade data and electronic communications which flow across their desktops, web, and mobile phones.

He adds that Refinitiv FX Post-Trade Data now joins the 50 plus communications channels currently supported by Global Relay, including ecomms, chat, voice, video, and social.

“Global Relay’s secure cloud solution with Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and integrated workflows offers unprecedented benefits to compliance, legal and business teams looking to simplify operations and reduce costs for their stakeholders, backed by our joint customer support teams,” says Roy.