RTS 22 Article 15 Clause 3: Investment firms shall have arrangements in place to ensure that their transaction reports are complete and accurate. These arrangements shall include testing of their reporting process and regular reconciliation of their front-office trading records against data samples provided to them by their competent authorities to that effect.
Reconciling Transaction Reporting with Cappitech
To help investment firms comply with their reconciliation requirements, Cappitech has developed a powerful reconciliation engine that allows us to compare the data from a client’s trading system to transaction data collected by their NCA.
HOW IT WORKS
As part of our standard service, on a daily basis we identify how many transactions were accepted or rejected by the regulator. We reconcile the number of trades sent to the ARM with the number of transactions accepted by the Regulator. Exceptions are flagged and immediately rectified. This allows for a birds-eye-view reconciliation ensuring that the number of executed transactions compares to those accepted by the regulator.
HOW YOU CAN BENEFIT
SaaS : Cuts the IT and HR costs involved with creating and ongoing support of a Reconciliation process.
Operational excellence: Our Client Services team is available six days a week to answer regulatory questions related to reconciliation.
Minimal integration: Cappitech’s reconciliation solutions works hand in hand with our Capptivate platform and removes the need of additional integrations for our Transaction Reporting csutomers.