Counterparty ManagerElectronic Trading Compliance

Counterparty Manager Electronic Trading Compliance is a regulatory module enabling customers to easily and efficiently exchange information for electronic trading due diligence and algorithmic trading regulations. The module supports multiple regulatory regimes and allows for customization of due diligence questionnaires to support local requirements.

Customers

  • Brokers
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  • Asset managers
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  • Hedge funds
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  • Fund administrators
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  • Regulated Market (RM)
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  • Multi-lateral Trading Facilities (MTD)
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  • Organised Trading Facilities (OTF)
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  • Swap Execution Facilities (SEF)

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Product Summary

Counterparty Manager provides an electronic questionnaire, training review and sign-off capability designed by a number of industry associations, including AFME/TIA, AIMA, ASIFMA, ATF, FPL and HKIFA, to help buyside firms and brokers gather and exchange the information necessary to meet their due diligence requirements. According to SFC rules, Hong Kong-licensed brokers are required to attest that their electronic trading systems are properly supervised, tested and risk managed, and their customers are required to acknowledge that they understand their brokers’ algorithms and other technologies.

The Equities Order Handling Questionnaire created by AFME and The Investment Association is also available to support the European Economic Area best practices for broker due diligence. Users can add customised questions or create an entirely new questionnaire to easily upload and distribute to trading partners through the platform.

Through Counterparty Manager, broker dealers can upload their answers as required in the questionnaire and disseminate them to their buyside counterparties. Buyside firms can then review the answers from each broker dealer and electronically acknowledge that they have done so. This acknowledgement will be transmitted directly to their counterparties, allowing sellside institutions to see which customers have fulfilled their compliance requirements.

    Key Benefits

    • Ease of use

      Simplified due diligence through easy to use online platform for uploading, updating and disseminating counterparty documentation

    • Operational efficiency

      Streamlines back-office document management processes by replacing manual, bilateral processes with standardised, automated information collection and exchange

    • Regulatory compliance

      Helps customers comply with increased due diligence obligations as outlined by MiFID II, CFTC guidelines, and Hong Kong SFC electronic trading rules

    • Cost effective

      A single platform supporting compliance with multiple regulatory requirements across regions, resulting in reduced costs

    REGIMES

    Hong Kong Securities and Futures Commission’s (SFC) electronic trading rules on Code of Conduct (Paragraph 18 and Schedule 7)

    European Economic Area through the TIA / AFME European Equity Order Handling Questionnaire

    US / Regional questionnaires which can be automatically uploaded

    Multiple Jurisdictions: custom buyside or sellside questionnaires

      Demos

      • SFC Buy Side Demo

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      • SFC Buy Side Demo

        Demonstration of how to complete the online questionnaire for SFC Buy Side.

      • SFC Sell Side Demo

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      • SFC Sell Side Demo

        Demonstration of how to complete the online questionnaire for SFC Sell Side.