Webinar: FIX Protocol: Enabling Post-Trade Transparency through Automation
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The document is a webinar presentation by Sensiple focused on enabling post-trade transparency and automation through the FIX protocol. It covers challenges in post-trade activities, regulatory compliance, and the company's offerings for addressing these issues, including tools for trade confirmation and regulatory reporting. The session features key speakers from Sensiple and outlines strategies for improving efficiency and data quality in financial operations.
Webinar: FIX Protocol: Enabling Post-Trade Transparency through Automation
- 1. 1© Sensiple. All rights reserved Webinar : FIX Protocol: Enabling Post-Trade Transparency Through Automation CORPORATE OFFICE 555 US Highway 1 S, Ste 330 Iselin, NJ 08830,USA USA@sensiple.com +1 732-283-0801 MIDWEST OFFICE Aksarben Village, 2111 South 67th Street, Suite 300 Omaha, NE 68106, USA Omaha@Sensiple.com +1 402-337-2921 NORTHWEST OFFICE San Francisco- Market Plaza, One Market, Spear Tower, 36th floor, San Francisco, CA 94105, USA Sanfrancisco@sensiple.com +1 415-293-7880 CHENNAI OFFICE Plot No: 9/A15, SIPCOT IT Park, Padur Post, Siruseri, Chennai 603 103 , Tamilnadu, India India-team@Sensiple.com +91 44 4741 9000 MUMBAI OFFICE Level 13, R-Tech Park, Nirlon Knowledge Park, Off Western Express Highway, Goregaon (E) – Mumbai 400063 India-team@Sensiple.com +91 22 44764656 LONDON OFFICE 85 Great Portland Street, First Floor, London W1W 7LT India-team@Sensiple.com 020-3745-0386
- 2. 2© Sensiple. All rights reserved Webinar Etiquettes Questions will be answered at the end of session in the order in which they are received In case if you do not receive answers to your question today, you will certainly receive answers via email shortly All phones are set to mute. If you have questions, please type them in the Chat window located beside the presentation panel Thanks for your participation and enjoy the session!
- 3. Years of IT Experience 20+ Projects 450+ Global Customers 150+ US & Asia Pacific Global Presence Diverse Talent Pool 600+ Customer Retention 90% Products 20+ Expertise BFSI, FinTech Our Accreditations Innovation Lab R&D
- 4. 4© Sensiple. All rights reserved Speakers Amalan Nagarajan Business Head – Post Trade & Regulatory Products Siva Rama Krishna Head - FIX Products & Solutions Vijay Gopal Head - BFSI RnD & Business Unit 20+ years of expertise in enabling technologies for Banking and Financial Services industry. His recent role is with Sensiple Inc. as Business Head, BFSI Industry. Business Solution Designer, responsible for Strategy, Planning & Implementation and Roadmap management of Straight-Through Processing products in Post-Trade & Regulatory and Compliance Products to address the implementation challenges in MiFID2, EMIR and SFTR 14+ years of expertise in FIX protocol with product & trading desk support, Customer On boarding, Providing ideas for new implementations. ArulPrabha Krishnan Products Head – Post Trade & Regulatory Products Post Trade and RegTech Products Head with impeccable business deliveries to the financial institutions around the globe. Responsible for strategy, planning and implementation of Post Trade and Regulatory products
- 5. Webinar Agenda Introduction Challenges in Post Trade Activities FIX in Post Trade Automation & Transparency Q&A Session FIX in Regulatory Reporting Automation & Compliance Sensiple’s FIX Post Trade Offerings
- 6. 6© Sensiple. All rights reserved Introduction - Enabling Automation in Post Trade Activities Trade Allocation and Confirmation Fund Manager Broker Dealer Clearing House Depositories Settlement Instructions Position Management and Position Reporting Payment Request/Response Collateral Management Trading Venues Drop Copy Reporting (Execution Reports & Trade Capture Reports) Regulatory Reporting
- 7. 7© Sensiple. All rights reserved Challenges in FIX Post Trade Activities Improving data quality Understanding regulatory requirements Keeping up with technology innovations Adapting new regulatory updates Lack of holistic view of Post trade transformation Workflow Automation and Efficiency
- 8. 8© Sensiple. All rights reserved FIX Post trade Workflow with scope of FIX expansion Investment Manager Investment Manager/ Custodians/ Fund Admins/ Vendor Networks Execution Broker/ Prime Broker/CCP/ Vendor Networks Agent/ Nostro banks Custodian/ Agent banks Order Management Execution Broker Placement Execution Trade confirmation Allocation Clearing Regulatory Reporting Payment confirmation Settlement Pre-Trade Trade Post-Trade T0 Tn FIX established areas FIX expansion areas
- 9. 9© Sensiple. All rights reserved Post Trade FIX System FIX Validation Matching Profile Settings XML Validation Matching Rule Engine Trade Matching & Status Update Trade Book Management Matching Status & Notification Settlement Instruction Standard Settlement Instruction SSI Configuration & Enrichment Participant Management Trade Database Primary Database Backup Database Reporting Audit Log Mechanism ClearingWebUserInterface TradeBlockand AllocationView Block&Allocation Configuration Clearing&Settling Operations Broker/DealerInvestmentFirms CustodianDepository
- 10. 10© Sensiple. All rights reserved FIX - Post Trade Publications Drop-Copy Implementation for Trade Capture Reporting Settlement Instructions between Brokers, Fund Managers & Intermediary Broker to Investment Firm Trade Level Confirmations Trade Allocation Messages for dividing orders into multiple accounts Managing Collaterals to cover the Trading Positions for Clearing Houses Payment Management implementations between Investment Management & respective Broker to confirm payments
- 11. 11© Sensiple. All rights reserved FIX in Regulatory & Compliance FIX - Regulatory Publications Usage of <RegulatoryTradeIDGrp> in Post Trade FIX Messages FIX based Transaction & Transparency Reporting using ISIN & FIGI FIX Message supporting APAsFIX MMT Standards for MiFID II RTS 1 & RTS 2 FIX Extension Packages (EP206, EP216 & EP222) for MiFID II Complying all APA Business Scenarios with Standard FIX Flow
- 12. 12© Sensiple. All rights reserved FIX – MiFIR Regulatory Publication Flow Fund Managers Broker Dealers Systematic Internalisers OTC Venues Approved Publication Arrangement (APA) Approved Reporting Mechanism (ARM) National Conduct Authority FIXGateway Trade Reporting Transaction Reporting Acknowledgement Exception Reporting Acknowledgement Exception Reporting Trade Publishing Transaction Publishing Acknowledgement Acknowledgement RTS 1 & RTS 2 RTS 22 FIXGateway FIXGateway FIXGateway
- 13. 13© Sensiple. All rights reserved Sensiple’s Offerings in FIX Automation Products RegTech Product for Regulatory Framework Global regulatory platform To enable automated data handling and Framework based (MIFID, EMIR, SFTR, etc) regulatory reporting Centralized trade matching platform to perform post-trade activities like Trade Confirmation and Trade Allocation between Investment Firms and Broker Dealers Global Trade Management Real Time Trade reporting platform to receive, validate and interpret data from various sources and form FIX Trade Capture Report to connect with any APA based on MIFID 2 framework for publication Real Time Trade Publication
- 14. 14© Sensiple. All rights reserved Phokast - GTM Process Flow Trade Enrichment Phokast GTM Trade Matching Algorithm Third Party InstitutionCustodian Bank Matching Process Engine Settlement Notification Investment Manager Broker/Dealer Middle Office Back Office Middle Office Back Office CSV / SWIFT / FIX CSV / SWIFT / FIX Block & Allocations Block & Confirmations Status Updates Status Updates
- 15. 15© Sensiple. All rights reserved Setrega – Regulatory Reporting Process Flow Reports Alerts Dashboard /MIS Reports Risk Management / Surveillance User AccessData Extraction / Validation Database Flat file Protocols Others Analytics Data Sources Data Validation Data Load and Reconciliation Business rules validation Report Generation/ Submission Multi Format Report Generation Regulatory validation / Submission Report Configuration
- 16. 16© Sensiple. All rights reserved TRCapture – Process Flow FIX logs FIX Sessions Data Base XML/JSON/CSV and other formats ExternalDataSources Data Connection and Extraction Data Mapping and Processing Data Collection Data Mapping Data Cleansing Data Validation Feedback Mechanism FIX API FIX Sessions Smart Report Router (SRR) TRADEcho APA or other APA(s) FIX Session Management and Recovery Exception Management (Inbound & Outbound) Data Enrichment Audit Trail TRADEcho Server Data Sources Trade Report Data Transaction Management
- 17. 17© Sensiple. All rights reserved Q & A Session
- 18. 18© Sensiple. All rights reserved Thank You To know more Email us @ info@sensiple.com Office Locations : New Jersey | Omaha | San Francisco | London | Mumbai | Chennai