Sterling Trading Tech (STT), a specialist in compliance, risk and infrastructure solutions for equity, options and futures trading, has expanded its compliance and reporting solutions in the Brazil marketplace meeting increased market demands for greater transparency.Sterling offers a variety of compliance and reporting solutions for clients worldwide. The new offering for Brazil allows clients to receive mandated trade reporting which will allow firms to meet their audits obligations from local regulators. The solutions will also support latency reporting.
The Audit Trail Reporting Solution offers a full admin log-in trail and FIX logs for all trades and orders available for regulators. The Compliance Solution includes: a complete log-in history for all trading accounts, a full account history including account changes, and trading platform password history.
“Accurate reporting for regulation is essential not only for our clients in the United States but also our International clients,” says Andrew Actman, Managing Director of Business Development of Sterling Trading Tech. “We have continuously expanded our international presence over the years and are pleased to implement this offering for the Brazil marketplace.”
The flagship Sterling professional trading platform, Sterling Trader Pro, is widely used in Brazil for Broker Dealers, Proprietary Trading Firms and Clearing Firms. Within the platform, traders have the BM&F Bovespa, US and Canadian markets available in both English and Portuguese through Sterling’s local data centre in São Paulo with direct connectivity to BM&F Bovespa.
“Sterling’s new Audit Trail & Reporting Solution is exciting because it gives firms consolidated compliance reporting so they are organised and prepared for regulatory audits at any given time,” says Gustavo Santos, Brazil Representative for Sterling Trading Tech.
