Cowen uses n-Tier for CAT reporting system


For our free FinTech summary, we cover news from the FRR unit of Wolters Kluwer, CME & Google Cloud, and QuantHouse & EliData.

The CAT system combines internal and external reports

Investment bank Cowen has launched a Consolidated Audit Trail (CAT) data aggregation and validation process that uses the Compliance Workbench of regulatory reporting provider n-Tier to collate external and internal reports, according to responsible.

N-Tier’s system gathers CAT reports from “external suppliers and internal trading systems”, validates report data, automatically corrects “deficiencies found in supplier CAT files prior to submission” and manages remediation processes and resubmission “through the platform user. interface, ”add the managers.

“Cowen’s implementation is in AWS [Amazon Web Services] for CAT, ”n-Tier officials said FTF News in a prepared statement. “Since FINRA is running CAT in AWS, it is easier for businesses to run it because communication to / from FINRA’s AWS deployment is seamless. We now offer a fully hosted cloud solution in AWS, driven primarily by CAT, in addition to previous on-premise hardware options as well as dedicated hardware with our other hosting provider, ”add n-Tier managers.

“With the implementation of this initial phase of CAT behind us, we are confident that we will be able to actively manage the expansion of CAT reporting obligations,” said John Holmes, Chief Operating Officer (COO) of Cowen, in a prepared statement. “We have worked with n-Tier for years on a range of regulatory reporting projects. “

“The comprehensive and multi-layered validations provided by their platform help us reduce our risk of regulatory reporting while ensuring that overlapping data used in different reporting regimes stays in sync with our CAT reporting,” adds Anthony Carbonara, Head of Regulatory Reporting. operational and credit risks for Cowen. , in a report.

Based in New York City, Cowen provides investment banking, equity and credit research, sales and trading, blue chip brokerage, global clearing, commission management services and corporate products. actively managed alternative investments, officials say.

N-Tier managers claim that their platforms are highly configurable and can be installed locally or used as part of our cloud offering.

Wolters Kluwer launches professional services for FRR

The Finance, Risk, and Regulatory Reporting (FRR) business group of supplier Wolters Kluwer offers a new professional service offering for “the ongoing management and maintenance of software, especially for the US market”.

The service is “designed to help Wolters Kluwer customers in the region take advantage of private cloud environments to more effectively scale their risk and reporting infrastructures,” the vendor said in a statement.

“As part of this new service, Wolters Kluwer FRR’s team of functional and technical consultants will help clients define both the business requirements and the technical specifications needed to move to a private cloud environment during the go-live. implementation of the OneSumX FRR suite of solutions, ”adds the company. “It allows business users to focus on performing day-to-day functions. “

In addition, says Wolters Kluwer, the technical consultants “will be available to remotely manage and support a customer’s integrated system to keep it running optimally, using a combination of software upgrades, customer service management. archives and tuning and optimization of the system for better performance.

CME deferred and JSON data accessible via Google Cloud

Chicago-based CME Group, a company with multiple derivatives markets, reports that customers can now access its delayed term data and JavaScript Object Notation (JSON) format through Google Cloud.

Customers can now access real-time and deferred data in FIX Binary and JSON formats in real time, without the need to provision servers, install a network or manage an infrastructure, on Google Cloud, CME says in a statement .

Deferred data automatically complies with CME group licensing policies, removing the need for intermediary data service providers, the derivatives market adds. In addition, JSON formats provide an accurate overview of buy and sell orders and can easily connect to any existing application and help simplify the workflow for customers, by CME.

QuantHouse & EliData Building Smart Control Router

Providers QuantHouse and EliData have started to jointly offer financial market data and execution services in Europe.

QuantHouse is characterized as a provider of end-to-end trading procedures and processes, including market data services, a trading platform and infrastructure products based on algorithms or algorithms. EliData defines itself as an Italian software company that develops trading and order routing applications for the financial markets.

As part of the new partnership, QuantHouse and EliData will integrate market data from QuantFeed into EliData’s Smart Order Router (SOR), the suppliers said in a joint statement.

QuantFeed offers market data from over 145 interchange data streams and transmits it to EliData SOR using a single application programming interface (API). EliData is part of Cedacri Spa, an Italian company that offers outsourcing services for the banking sector.


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