Execution Analytics and Compliance Solution
Jordan & Jordan’s Execution Analytics and Compliance Solution (ECS) helps firms evaluate and demonstrate their performance in complying with the SEC’s and FINRA’s rules related to Reg NMS, Short Sale Amendments, and execution quality. Specifically, these rules include:
- Amendments to Reg SHO (Rule 201)
- ISO Order Routing and Quote Analysis (Rule 611)
- Order Protection Rule (Rule 611)
- Best Execution/NBBO (NASD Rule 2320)
- Disclosure of Order Routing Information (Rule 606)
ECS enables clients to monitor the effectiveness of their required policies and procedures. Equally important, ECS provides detailed records to demonstrate the firm’s commitment to ongoing surveillance.
From high-altitude views of trading activity to a ground-level breakdown of executions and market data, ECS offers the transparency needed to be proactive, compliant, and competitive.
Key Features of ECS
- Dynamic Charts and Summary Statistics: See your firm’s compliance performance at a glance. Create custom report cards to view data from multiple perspectives.
- Configurable Quote Window: Define a +/- millisecond timeframe to assist in identifying flickering quotes and data latency.
- Annotation and Flagging: Flag issues for follow-up and retain comments on full reports or individual records.
- Record Sorting and Filtering: Quickly focus on items that require attention.
- Instant Report Aggregation: View statistics for a range of reports including weekly, monthly, quarterly, or any period of time you specify.
- Network and Firm Quote Data: Compare trading activity to internal snapshots and/or network data. ECS uses the NBBO and/or protected quotes displayed by each market center. Network data is the key source for comparative analysis used by regulators.
- Secure Hosted Solution: Relieve your IT department of the processing and storage burden. Access your reports on the Web. ECS also hosts your public regulatory 606 reports.
- Report Export: Download reports as Excel or CSV for further investigation and offline storage. Every record includes a hyperlink to its complete details online.
For additional information on Jordan & Jordan's Execution Analytics and Compliance Solution, contact Michael O'Conor, 212-655-2953.