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Author: James Rundle
Source: Sell-Side Technology | 25 Jan 2012
Categories: Compliance
Topics: Dodd-Frank Wall Street Reform ActOpen Link FinancialCommodity Futures Trading CommissionTech
Package offering encompasses proposed regulatory requirements.
OpenLink has announced a software suite designed to aid with compliance for regulatory milestones in 2012.
Aimed specifically at the Dodd-Frank Act and derivatives market reforms, the package includes functionality for swap data repository reporting, over the counter (OTC) clearing workflows, and Commodity Futures Trading Commission (CFTC) position limit monitoring. Other features include a compliance-targeted reporting package for mandated processes such as the Large Trader Report for Physical Commodity Swaps.
"Our suite of regulatory compliance solutions will enable clients to leverage their technology investment in OpenLink to comply with these new requirements and the accompanying changes that will transform the derivatives trading landscape," says Phil Wang, SVP of product management at OpenLink. "The goal has been to facilitate compliance with cost-efficient solutions that can be rapidly deployed and flexible enough to adapt to forthcoming changes as they are introduced."
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