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Fortunately, we’re able to help expedite compliance with our ready-to-switch-on RegFlex for CAT solution

• Inforalgo’s cloud-based solution, RegFlex for FINRA CAT, removes the need for the firm to build its own connectivity for FINRA Consolidated Audit Trail reporting & solves the problem of consolidating order data from multiple different sources

London, UK – December 2nd , 2019 - Inforalgo, the Capital Markets data automation specialist, has secured a new win for its RegFlex for CAT reporting solution, with an ambitious proprietary trading firm in New York, after Inforalgo was recently named an authorised Consolidated Audit Trail (CAT) reporting agent and connectivity hub (Service Bureau).

The new signing is the latest evidence of a surge of interest in the cloud-based regulatory compliance solution, as the new FINRA CAT regulatory requirements approach their testing phase in December - before going live in April 2020.

RegFlex for CAT is a secure, hosted Software-as-a-Service (SaaS) regulatory reporting solution, which removes the pain and high costs of building proprietary in-house connectivity to FINRA CAT. Adept at helping Capital Markets participants streamline their transaction data management and reporting, Inforalgo has created a CAT reporting solution with built-in connectivity, removing the need for industry members to build their own workarounds from scratch.

In addition to finding a solution to FINRA CAT connectivity, the New York trading firm needed a reliable and efficient means of consolidating order data from multiple different sources. Currently, the organisation does not report to FINRA’s existing Order Audit Trail System (OATS), so there was no possibility of mapping migration from OATS to CAT. As a result, the firm would have faced a substantial new IT project to meet CAT reporting obligations - taking longer than the time available, and proving prohibitively expensive.

Using Inforalgo’s RegFlex for CAT cloud-based solution will mean the trading firm is ready to begin CAT compliance testing in December. And, because RegFlex is deployed on a managed SaaS basis (hosted in Inforalgo’s private cloud), it comes with dedicated connectivity to a variety of reporting end points, reducing the total cost of ownership significantly.

Commenting on this latest business win, Jordan Ambrose, CEO at Inforalgo, said, “As CAT testing and compliance deadlines bear down on the industry members, we’re seeing a lot of anxiety among firms who aren’t nearly as advanced in their plans as they should be. Fortunately, we’re able to help expedite compliance with our ready-to-switch-on RegFlex for CAT solution, so not surprisingly we are seeing interest levels soar as the December testing timeline approaches.”

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About Inforalgo
Inforalgo’s solutions and services are built on more than 30 years’ rich experience in providing intelligent data management solutions and services to Capital Markets clients globally. Our highly experienced team specialises in helping buy and sell-side organisations automate the flow of their pre- and post-trade data. Our products are trusted by many of the world’s top financial institutions. More at www.inforalgo.com. @InforalgoNews

PR Contact
Carina Birt, PR for Inforalgo. carina@sarumpr.com or +44 7970 006624

This press release was distributed by ResponseSource Press Release Wire on behalf of Sarum Consultancy in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.