Regulatory Reporting

Inforalgo offers a suite of integrated modules that addresses the Regulatory Reporting requirements in Europe.

London Stock Exchange
LSEi provides a secure and efficient transmission mechanism for reporting trades to the London Stock Exchange. It consists of five application modules that run on the customer’s choice of server.
• A trade extract program will receive London Trades via a Real Time Feed and write them to an interim Trade database table
• A Data Flow designer (DFD) module will monitor the Trade Table and apply the selection criteria as defined by the User to identify LSE reportable trades. When a reportable trade is received the module will select the reporting fields, enrich required data from local tables and write the trade to the LSE interface trade table
• An ‘LSE Interface’ module will connect to the LSE Trading System at start of day using the Secure Interactive Service, and monitor the LSE interface table. As soon as trades arrive they will be sent to the LSE. When responses are received the status field in the interface table will be updated with success or the error code from the exchange
• A Universal Viewer will enable errors to be viewed, corrected and resubmitted. It will also enable all tables to be reviewed and maintained. For example the alerting and display of errors generated from the reporting of the trades. This gives the user the ability to trap and view errors and either re-submit via the interface, or take other appropriate action
• A “control panel” To provide a method of :
a) Monitoring the whole of one interface system, or several systems if applicable, as to:
• Which of the main tasks are running and which are not
• The flow of data from one task to another, viewed by numbers of transactions, date/time of last transaction processed
b) Stopping and starting the main tasks of an interface, for example to restart a task that has had a problem which is now resolved
c) Providing notifications of events either by reporting text files, e-mail, or both. The Email alert facility can be configured to email the appropriate users when failure or error conditions arise

TRAX
Inforalgo’s Standard TRAX Interface (STi) facilitates trade matching and transaction reporting to the TRAX host system.
A local history file allows Trade transactions to be stored for future reference and is linked to the TRAX Host Gateway through a sophisticated interface application. New trades to be reported are identified and posted to the local transaction database.
These transactions are converted into the appropriate record format and transmitted to the Host Gateway. The interface is engineered to fully comply with Xtrakter reporting time constraints.
STi will receive all TRAX record types and automatically update the appropriate transaction within the database, thus supplying the user with immediate access to current transaction progress.
Extensive file enquiry and maintenance modules enable the user to examine the status of stored transactions and thus improve the speed at which reported errors are detected and corrected.

EuroNext
ENXi provides a secure and efficient transmission mechanism for the reporting and matching of “off market” trades to the EuroNext TCS system.
ENXi consists of four application modules and a FIX engine that run on the customer’s choice of server.
• The Extractor Module loads New Trades or Cancellations into its staging area
• The Interface Module selects trades and trade cancellations from the staging area. This table has had additional fields added to supply the reporting and audit requirements of the EuroNext Interface
• The Viewer/Repair Module is used to view the trades, history and to amend and resubmit trades rejected by EuroNext. It can be used to display all trades, trades requiring action, unprocessed trades and completed trades
• The Control Panel enables the user to monitor and control all Inforalgo interface applications running on the user’s network
• The FIX Engine sends/receives EuroNext FIX messages and maintains session information

It detects the arrival of a new message, picks up the message, generates a FIX formatted message and sends.

Swiss Stock Exchange
SWXi provides a secure and efficient transmission mechanism for the reporting of “off order book” trades to the Swiss Stock Exchange using the exchanges Reference Data Interface (RDI) and Standard Trading Interface (STI) FIX engine.

SWXi consists of several application modules that run on the customer’s choice of server.

• The Extractor Module which will interrogate trade information as it arrives from Bloomberg TOMS and will apply the selection criteria as defined by the customer to ensure selection of required trades. This module will also lookup and insert any information required for reporting, but not present in the source data e.g. indicators from the local ‘Counterparty Table’. The module also interrogates the Traded Instruments received via the Reference Data Interface, which enables none reportable instruments to be ignored
• The RDI Interface which pulls the required static data from the exchange via the Reference Data Interface
• The FIX formatter which takes the raw input data and converts it to the required FIX specification
• The STI FIX Interface which enables the connection of the formatted data to the exchanges Standard Trading Interface, and seamlessly transmits and receives transactions via the exchange

All data initial and reformatted is contained in a local SWXi database, which enables the user to identify trades and the actions taken on them.

‘Viewing and Maintenance’ modules to support the operation of the SWXi interface system. For example the alerting and display of errors generated from the reporting of the trades.