TradingScreen integrates Short Position Reporting for Australian Securities
First Published 2nd June 2010
TradingScreen integrates new Short Position Reporting functionality for Australian Securities trading
Philippe Buhannic, CEO, TradingScreen: "We are very pleased to make this service available to our client base."
TradingScreen Inc, the provider of multi-broker and multi-asset class execution management system (EMS) to the Buy Side, has announced the integration of a new Short Position Reporting functionality for Australian Securities trading in compliance to the new Short Selling disclosure framework introduced by the Australian Securities and Investment Commission (ASIC).
The new Short Selling Reporting Solution will deliver to the TradingScreen Buy Side Community an integrated interface to aggregate and route transaction and position report messages to ASIC through a FIX network.
Commenting on the development, Philippe Buhannic, CEO of TradingScreen said, "The markets covered by TradingScreen are evolving and the new regulatory requirements create the need for functionally rich reporting and compliance tools that integrate flawlessly with the trader's activity. Building on a vast, normalized data repository and its Software as a Service (SAAS) model, TradingScreen is able to adapt to local requirements faster than traditional server based solutions; delivering simplicity, automation, and control to its large number of deployed desktops. We are very pleased to make this service available to our client base."