Investment Operations

Refinitiv Expands FX Post Trade Analysis and Compliance Solutions

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Refinitiv has launched Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data from over 50 sources that it says is designed to help compliance teams reconstruct, oversee and efficiently analyze activity.

According to company literature, Refinitiv Compliance Archive is powered by Global Relay, whose suite of surveillance and trade reconstruction capabilities ensures that firms maintain complete visibility into their trade and communication activities while meeting their regulatory mandates.

Industry analysts say Global Relay consolidates an extensive range of data streams and data solutions.  Refinitiv FIX feeds can be ingested, either globally or selectively at branch level, capturing the Dealing chat data along with trade data, electronic communications, and voice for full compliance and complete trade reconstruction.

It’s currently problematic and costly for compliance teams to accurately analyze FX post-trade activity, especially given the complexity of today’s regulatory market. “Refinitiv Compliance Archive gives compliance managers a single point for all messaging sources, making it an effective and cost-saving tool to help clients identify potential problems quickly,” said Bart Joris, Head of FX Sell-Side Trading Proposition Management at Refinitiv. “With the addition of Refinitiv Compliance Archive in its Trade Reconstruction portfolio, Refinitiv now offers fully integrated trade tracking across the entire Front, Middle and Back office, and we believe that Refinitiv Compliance Archive will help to significantly reduce surveillance costs as firms increasingly move from legacy and on-premise systems,” he added.