Business critical regulatory assurance is streamlined and systemised in Qomply’s approach to delivering a compliant, faster and more efficient experience.
Its proprietary engine was crafted by professionals who had previously worked proprietary trading systems. With best-in class-technology – from AI pattern recognition, to the implementation of heightened level of securitization, data is protected whilst processing is efficient.
Clients subscribe to only the services they require with a tailored-subscription model to reflect trade flow. Investment firms find Qomply’s modular platform addresses both their regulatory requirements and their budget constraints.
The cloud-based tools offer straight-forward interfaces and streamlined APIs enabling market participants to either use as a stand-alone solution or integrate within their existing technical infrastructure.
Delivering one of the most comprehensive arsenals of accuracy checks in the industry, Qomply’s transaction report diagnostic auditor is powered by a proprietary assurance engine that checks every single piece of transaction report data for accuracy – performing a sophisticated matrix of thousands of rules and accuracy checks.
The tool offers a straight-forward interface and a streamlined API enabling market participants to either use as a stand-alone solution or integrate within their existing technical infrastructure.
The Qomply Diagnostic Auditor detects issues with not only a firm’s input files but also the regulator’s MDP output files. This enables firms to pre-emptively and retrospectively conduct analysis on reports both before and after they are sent to the regulator – essential in complying with the regulations.
In addition to the MiFIR diagnostic engine module, EMIR and SFTR diagnostic engine modules are also available.
Qomply’s Trade Reconciler Tool empowers firms to meet their regulatory reconciliation obligations such as RTS 22 or Article 15 MiFID through simple-to-use technology. At the touch of a button, market participants can efficiently reconcile transaction data sent to the regulator against those received by the regulator.
Many firms still rely on manual processes to reconcile their transaction report data, severely limiting reporting accuracy and productivity. Qomply’s solutions liberate firms from this burden and transform their business functions, freeing up time to focus on core operating models.
Smaller firms are empowered to easily meet their regulatory obligations by only paying for the solution they require. Pricing models based on trade volume makes the Reconciler Tool a viable option for most firms.
Running both the Transaction Report Diagnostic and the Trade Reconciler provides an added-level of due diligence and comfort in the assurance that transaction reporting systems are working correctly.
QomplyDirect enriches transaction reports, filters by reportability, and validates. Users then send directly to the FCA and monitor and manage status through the Qomply platform. A full-service solution for firms wishing to retain control of their reporting and eliminate the requirement for an ARM.
Firms wishing to undergo a staged migration may elect to continue using the ARM to submit their data in conjunction with QomplyDirect as it can connect directly to most leading ARMs. Users are able to monitor report status through one portal – QomplyDirect.
This free solution enables firms to conduct reportability checks to determine if a financial instrument is MiFID-reportable in the UK, the EU, or both.
By inputting an ISIN (instrument identifier), a string of ISINs, or uploading a CSV file for a specific trade date, the service will report, as of that trade date, the region and reportability of that instrument. Therefore, firms will know, unequivocally, if the instrument was reportable, when, and where.
This is the only solution freely available that queries both FCA FIRDS and ESMA FIRDS databases and conducts searches across multiple instruments at once. Ambiguity of reporting obligations is removed as the tool reaches back in time to determine if an instrument was reportable in a specific regime.
It is now easy for market participants to obtain answers on their reporting obligations in one place as opposed to issuing multiple queries across different locations.
Qomply Centralised Sensitive Data Tool is a cloud-based application used by trading venues and investment firms. The platform centralises the maintenance, processing and distribution of personal sensitive data so as to comply with recent EU MiFID II regulations, GDPR, and data privacy. The solution promotes an integrated financial system, imposes a secure control framework, and reduces operational risk and resources.
The Qomply Unified Message Monitor centralises messages raised by trading venues and ARMs.
Investment firms monitor one central area for messages and exceptions across venues.
The unified messaging monitor can be used stand-alone or integrated into an existing technical infrastructure through an API. Optionally, the monitor can be used as part of the entire QomplyPi Sensitive Data Solution.
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