ChartIQ, a Charlottesville, Va.-based fintech commpany, has introduced its Post-Trade Visualization software solution, according to a news release.
The product displays events such as client emails, chats, and news in context with individual executions, order parameter changes, market movement and depth, and target benchmarks in real time.With Post-Trade Visualization, traders, analysts and compliance officers can reconstruct an order’s timeline into one visual model.
Post-Trade Visualization also includes capabilities for buy-side, sell-side, and solution providers to help them meet their regulatory standards, such as Dodd-Frank and MiFID II, by organizing the relevant data related to an order and visually mapping an order’s life cycle in one place.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted on July 21, 2010, overhauled U.S. financial regulation in the aftermath of The Great Recession, affecting all federal financial regulatory agencies and almost every part of the nation’s financial services industry.
Markets in Financial Instruments Directive 2004 (MiFID II) is a legislative framework instituted by the European Union (EU) to regulate financial markets in the bloc and improve protections for investors, restoring confidence in the industry after the 2008 financial crisis.
Dan Schleifer, chief executive and co-founder of ChartIQ, said in a news release that in the aftermath of the financial crisis, companies invested billions of dollars preparing for regulations such as Dodd-Frank and MiFID II, which transformed the industry. However, the vast number of systems that go into the execution of an order resulted in mountains of data and very little actionable insight into it.
“By using Post-Trade Visualization, firms are armed with an intuitive solution that visually maps and accurately portrays the behavior of all aspects of order execution,” he said.