Electra was acquired by Gresham Technologies, the leading software and services company specialising in solutions for data integrity and control, banking integration, payments and cash management, in June 2021.
Regulation is growing in complexity and volume, putting pressure on legacy regulatory reporting systems and processes. The consequences of inaccuracies are severe, and with regulators holding senior managers personally responsible for a firm’s mistakes, you need high-quality data, automation and control to ensure complete, accurate and transparent compliance and regulatory reporting.
Control for regulatory enables firms to connect, validate, reconcile and report all from one end-to-end solution, delivering real-time, high-quality, accurate data and helping you to comply with complex regulatory requirements quickly and efficiently across multiple jurisdictions. Ingest data without any external preparation or manipulation, regardless of source or format, to create a harmonised, holistic data reporting model.
Total control over your data enables you to report with confidence in a complex regulatory environment, knowing that what you are sending is accurate, complete and timely. Control is flexible enough to build complex, N-way controls from multiple disparate data sources, giving you the data integrity needed to tackle even the most complex regulatory use cases.
We not only help global banks, buy-side and sell-side firms comply with emerging regulations such as FINRA Consolidated Audit Trail (CAT) and Securities Financing Transactions Regulation (SFTR), but we also reduce the costs, risks, and effort associated with existing reporting for MiFID/MiFIR, Dodd Frank, FINRA TRACE, EMIR, MAS OTC Derivatives Reporting, and others.
Reduction in late reporting at a global broker-dealer
CAT eligible orders reported per day for a single customer using multiple exchanges and brokers
Connectors to regulatory and trading venues around the world
Apply and classify data quality checks, to submit accurate, high-quality and timely data and avoid fines and reputational damage.
Ingest, validate, and transform large volumes of data from multiple sources, regardless of type, width or complexity, volume or velocity, no re-formatting required.
View all data and controls in one place. Easily create interactive visualisations, dashboards and reports for greater insight and business value, taking reporting from check box exercise to strategic value add.
Perform N-way reconciliations and validate all data attributes, easily view under or over reporting, ensure accuracy and completeness, and get front-to-back control over regulatory reporting.
Navigate complex reporting rules for eligibility determination with data enrichment and external reference data sources.
An advanced rules engine and some of the fastest, most accurate matching in the industry improves your straight-through-processing for increased efficiency.
Build faster, automate more, and minimise infrastructure consumption while still meeting regulatory requirements effectively.
Create and deploy new controls within days to ensure tight oversight of your data and meet complex, frequently changing regulatory requirements.
Quickly and easily comply with multiple reporting requirements in a consolidated environment, while reducing internal IT costs and overall total cost of ownership.
Effectively and rapidly comply with G20 derivatives regulation and other complex rules.
Simplify reporting and instantly connect to any trading venue or regulatory end point.
Consolidate and automate trade allocations while reducing manual tasks, costs, and risks.