July 20, 2021
Refinitiv introduces enhanced post-trade regulatory reporting tools for sell-side trading through new partnership
Xinthesys ADEPT™ enables integrated regulatory reporting across multiple trading platforms to save costs
NEW YORK – Refinitiv is enhancing its post-trade regulatory reporting capabilities through a partnership with Xinthesys LLC that enables sell-side traders to potentially save costs with a single and fully integrated platform for trade reporting. Refinitiv’s integration of Xinthesys’ ADEPT™ SaaS platform allows broker-dealers access to critical regulatory risk management tools through a 360-degree view of their trading and reporting data.
The regulatory reporting landscape across the broker-dealer segment is challenged by dislocation and outdated technology solutions that are unable to keep up with the rapid pace of regulatory change. Many existing order management and execution management vendors have reporting solutions for the sell-side. However, this leaves the typical broker-dealer who uses several OMS/EMS vendors with multiple costs associated with reporting and a high degree of regulatory risk, creating a heavy operational burden.
“The combined offering of Refinitiv and the Xinthesys ADEPT™ reporting capabilities offer broker-dealers a single solution. When used in conjunction with Refinitiv buy & sell-side trading solutions, we believe we have a competitive offering that empowers broker-dealers to manage down the operational costs of reporting across multiple post-trade workflows s” said Bryan Labelle, Director Trading Solutions at Refinitiv.
The Refinitiv / Xinthesys ADEPT™ platform delivers a fully integrated solution for users to connect across different technology providers. The platform enables centralization and storage for reporting using a single cloud-based source. The solution is integrated with Refinitiv’s Autex Trading Route (ATR) for FIX connectivity and enables users to work seamlessly with Refinitiv trading platforms and Quod Financial as a sell-side offering.
“The Xinthesys ADEPT™ platform was born out of more than 30 years’ experience of regulatory change and frustration with existing reporting solutions that did not meet the operational and risk mitigation that most broker-dealers need in today’s changing landscape. We are excited to be partnering with Refinitiv to extend the offering even further,” said Jeff Stein, CEO and Founder of Xinthesys. “Our strategic agreement with Xinthesys very much complements our existing trading strategy. Collaboration and partnerships with firms that enhance our trading capabilities is a key pillar of this strategy as we continue to expand our solutions across all segments of the trading workflow and asset classes,” said Rob Kirby, Director of Trading & Enterprise Strategic Global Partnerships, Refinitiv.
More about Refinitiv’s Trading business can be found here.
About Refinitiv, an LSEG business
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With over 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, we connect people to choice and opportunity – driving performance, innovation and growth for our customers and partners. www.lseg.com