ChartIQ Launches New Solution for Regulatory Compliance

With compliance becoming increasingly difficult for financial firms amid tightening Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, ChartIQ announced this Wednesday that it had introduced Post-Trade Visualization, a software solution that delivers true order transparency.

ChartIQ is a fintech company that specializes in data visualization and charting software for the financial industry. Its new solution allows financial firms to meet regulatory compliance requirements, such as Dodd-Frank and MiFID II.

Specifically, the solution organizes the relevant data for firms related to an order and visually mapping an order’s life cycle, the statement released by the company this Wednesday said. It also displays events, such as emails and chats, in context with individual executions, order parameter changes, and more, in real-time.

Commenting on the product launch, Dan Schleifer, Chief Executive and co-founder of ChartIQ, said in the statement: “In the aftermath of the financial crisis, companies invested billions of dollars preparing for regulations like Dodd-Frank and MiFID II, which transformed the industry.

“The vast number of systems that go into the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of an order result in mountains of data and very little actionable insight. By using Post-Trade Visualization, firms are armed with an intuitive solution that visually maps and accurately portrays the behavior of all aspects of execution of an order.”

ChartIQ solution suitable for both buy- and sell-side firms

Post-Trade Visualization includes capabilities for both buy- and sell-side firms, as well as solution providers, to meet regulatory standards. According to ChartIQ, the solution has benefits for traders, solution providers, and compliance officers.

“There are a multitude of data streams necessary to tell the full story of a single order,” Eugene Sorenson, the Vice President, Product Management for ChartIQ, added.

“Visualization shines a light into every detail that goes into order execution, which is critical for traders who need to respond and adjust based on current market activity, and for compliance officers who require a complete picture of a trade lifecycle. Post-Trade Visualization combines our industry expertise and charting capabilities to transform how financial organizations do business.”