Etrali Trading Solutions, the global IT integrator for trading, launched its Etrali Check Suite compliance service today at TradeTech.
As increasing regulatory burden is placed on financial institutions, compliance officers face significant challenges in order to ensure trading floors are compliant. Etrali Check Suite monitors critical components of the compliance lifecycle, allowing compliance officers to be apprised of infrastructure issues and their potential risks through a reliable, simple and rapid solution.
Robert Powell, Global Head of Compliance & Product Management, Etrali Trading Solutions said, "Etrali Check Suite gives our clients increased knowledge over the correct functioning of their recording solutions. We make critical information more readily accessible to the compliance team, so that information can be easily accessed and acted upon. Firms will be able to monitor the solution themselves, allowing the compliance officer to be more proactive."
In the past, compliance officers might have considered suspending trading if they were aware of any failures to record traders' calls. Etrali Check Suite mitigates against these and other potential losses of trading revenues. Etrali Check Suite users benefit from reports and analytics that provide better governance, control and auditability of their recording infrastructure. Compliance officers are looking for peace of mind and reassurance when facing challenges such as longer retention periods, and increasingly prescriptive regulations. Accurately recording and storing vast amounts of data, as well as retrieving and accessing this data is also a key concern.
This PBX agnostic service provided by Etrali Trading Solutions, provides a unified view of the conditions required for compliant trading floor activity. It:
• Ensures reliability of the infrastructure by continuous monitoring
• Checks availability ensuring minimal delays in failure discovery
• Controls the trading communications ecosystem
• Gains accurate vision of the recording efficiency with early warnings reports