Thesys Expands Reporting Support


Big data provider Thesys Technologies is adding regulatory reporting and compliance capabilities to its Market Structure Technology platform offering, company officials announced today, August 4.

The vendor will be expanding its platform’s capabilities to include regulatory reporting support for Order Audit Trail System, Electronic Blue Sheets, Large Options Position Reporting, and the Consolidated Audit Trail. As part of the SEC’s Rule 613 for the CAT, Self-Regulatory Organizations and broker-dealers are required to submit data that allows regulators to efficiently track all US-traded equities and equity-related options activity.

Thesys Technologies is focused on helping broker-dealers define a strategy for managing, analyzing, and reporting their order and trade data. The offering leverages the highly scalable data and analytics capabilities of Thesys’ Market Structure Technology platform, the core technology powering the SEC’s MIDAS system.

“Following the Flash Crash of 2010, the regulatory landscape in the U.S. changed drastically,” said Mike Beller, CEO of Thesys Technologies. “Shortly thereafter, Thesys unveiled its Market Structure Tech to deliver market structure as a platform aimed at providing efficiencies and innovation across the entire trade lifecycle. We have continued to expand our revolutionary offering, defining a new technology category that solves complex regulatory compliance problems from pre-trade risk checks to surveillance to reg reporting.”

The Reg Reporting business offering will be delivered by Thesys Technologies’ Financial Big Data group. Thesys Technologies and Thesys CAT are affiliated but separate entities. Use of Thesys Technologies does not provide users with any nonpublic CAT insights, say Thesys Technologies officials.

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