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Finextra: Trading Controls – Lessons to be Learned from WhatsApp Fines?

By: Craig Butterworth


As I spend my days meeting with clients, chatting with partners and speaking at conferences, I’ve noticed a considerable shift in attitudes towards pre-trade controls. There is a tacit acknowledgement that regulators are preparing to crack down in this area. In effect, regulators, led by the UK’s PRA (and soon to be followed by the Fed and ECB), want to see more systematic evidencing of preventative controls.


Firms need to be able to evidence effective controls that ensure a trader can only deal in permitted products with permitted clients via permitted legal entities. While establishing preventative controls for electronic trading flow is relatively easily dealt with by implementing a high-performing decision engine into the RFQ flow, the challenge remains of how to address voice trades.


Read more in Finextra.

About Droit


Droit is a technology firm at the forefront of computational law and regulation within finance and other domains. Founded in 2012, Droit counts many of the largest financial institutions as its clients. Its award-winning, patented platform Adept provides an implementation of regulatory rules reflecting industry consensus. The Adept platform processes tens of millions of inquiries a day, deciding in real-time which interactions are legally permissible across the globe. Adept is used by institutions to evaluate, with sub-millisecond latency, the full regulatory implications of any given interaction within their transactional infrastructure.


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