S3 Launches Enhanced Reg Reporting Analytics Suite

Software now supports Rule 611 and RegSHO reporting.

intersection-shutterstock-203805400
S3 adds a pair of new SEC execution rules to its platform.

The S3 interface will now supply monitoring for trade-throughs covered by Rule 611, scanning every trade and flagging those that were executed outside the national best bid offer (NBBO) for both options and equities.

It will also cover RegSHO, which bans naked short-selling, by providing clients with the full list of short-sale restricted securities in the market, and allowing them to identify stocks on this restricted list that trade on either a downtick or an uptick. Crucially, exemptions to both rules are also built into the platform's logic.

“Incorporating trade-through data into our platform is crucial not only for our clients to comply with Rule 611, but also to enhance transparency," says Mark Davies, S3 CEO.

"The SEC has established exceptions to the trade-through provision such as intermarket sweep orders, and S3 allows clients to keep track of this often complex information. Our enhanced regulatory analytics platform provides a complete view of the options and equities markets so that they can quickly and easily identify any past Rule 611 violations, and better understand when exceptions to the rule occur. Our analytical tools for Rules 605, 606, 611 and RegSHO significantly reduce risk by improving regulatory reporting capabilities. S3’s highly customizable software allows customers to navigate increasingly complex regulatory requirements, ultimately improving trust in the securities industries."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: T+1 and too many proposals

Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here