Once integrated this model:
- Extracts /Receives trades to be reported directly from your Middle or Front Office systems
- Validates the data to ensure that all data is present and accurate
- Delivers to your ARM (Authorised Reporting Mechanism ) for transmission to the FSA
- Retrieves the responses from both the ARM and any further replies directly from the FSA
- Reconciles the responses from the FSA (either direct or via the ARM)
- Escalates any exceptions to the inbuilt Case Management system
- Allows any erroneous report s to be re-submitted effectively and simply
- Delivers Management Information reporting on success and error rates, volumes of reports processed etc.
Simply put, the Trade reporting model allows confidence that all Transactions that should be reported are reported and that all results from reports are captured and only exceptions are highlighted for user action.
