The current regulatory climate and increased scrutiny of trading practices has significantly impacted transaction reporting with expanded requirements for asset types, trade details and timeliness. New requirements are in effect or being implemented in the US, the EU under EMIR, Canada, Japan, Hong Kong, Singapore, Australia, and by other regulatory bodies. The complexity and scope of implementing these rules internally has become prohibitively expensive. Bringing in outside expertise and third-party solutions can speed compliance adoption at a lower cost. For large, retail and institutional brokerage firms, Jordan & Jordan has conducted complete assessments of their Electronic Blue Sheets (EBS) reporting processes. This included a review of:

  • Testing and comparison of trading records to the EBS reports to ensure all required activity is reported with all relevant fields populated correctly.  
  • Manual processes and touchpoints for handling EBS requests, automated formatting checks, and extensive comparisons of order/trade records to EBS data to ensure all transactions are reported accurately.
  • J&J pays particular attention to the software development lifecycle (SDLC), resulting in improvements to technology release management controls.
  • We also provide guidance and recommendations to ensure that the firm's processes for updates or changes to the EBS process are successfully implemented.

Jordan & Jordan’s trade reporting expertise leverages knowledge gained from our industry leadership and involvement working with regulators to shape requirements, and from our experience assisting broker-dealers with implementations. We can help you with an assessment of your current processes and procedures, or, we can assist in gathering and documenting the business requirements for new or enhanced systems. Whether you need a gap analysis and recommendations for improvement, require an impact analysis, or support for a new implementation, Jordan & Jordan’s subject matter experts will draw from their years of experience in order and trade processing, data management and reporting to solidify your regulatory reporting program.