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SS&C Adds S3’s TCA and Rule 606 Regulatory Reporting Services
Traders Magazine Online News, September 5, 2019
S3, a provider of trade surveillance, analytics, and regulatory reporting technology, announced today that SS&C Technologies is adding S3’s Transaction Cost Analysis (TCA) and SEC Rule 606 Reporting products to its TCA and Rule 606 solutions lineup.
The addition of S3’s services will enable SS&C clients to seamlessly produce the detailed 606 regulatory reports in compliance with Securities and Exchange Commission (SEC) mandates. Utilizing S3’s product suite ensures best execution of trading transactions through trade surveillance and analytics and full transparency to meet compliance and regulatory requirements.
Marcos Frisaura, Vice President, Financial Markets Group for SS&C commented: “We are pleased to announce that we have joined with S3 to deliver our clients advanced trading analytics and regulatory reporting software. These products will bolster the SS&C service offering, helping us provide industry leading, independent transaction cost analysis and tools for our clients to meet mandatory SEC Rule 606 reporting requirements.”
Mark Davies, Chief Executive for S3, states: "We are delighted to be working with SS&C and look forward to delivering their clients enhanced trading analytics and regulatory reporting technology for best execution practices and meeting compliance requirements. Since the October deadline for compliance with Rule 606 is fast approaching, we anticipate that more industry players will onboard this product to meet their compliance needs."
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