Every year, many firms are getting fined by global financial regulators for millions of dollars for various levels of non-compliance. Trading Firms can have a peace of mind with EagleAi’s advanced compliance risk modules as it covers quite an array of global compliance rules.
According to Corporate Compliance Insights, regulators charged banks with $15B in fines in 2020, with US banks accounting for 73% of those fines.
The advanced Artificial Intelligence engine powering EagleAi Compliance Risk modules has been built to cover many trading related compliance rules globally, supports most trading compliance rules such as US Equities SEC & FINRA Trading Rule 611, 15c3-5, 200, 203, 47A are some of the out-of-the-box rules. Firms can harness the power of EagleAi Compliance risk to discover lurking issues unknown for several years significantly reducing the chance of heavy penalties and fines.
EagleAi’s Tradewatch enterprise scale AI platform and its advanced compliance management modules reduce non-compliance risks faced by the trading firms. Having compliance checks closer to real-time could help prevent large violations that will draw increased scrutiny and audit on the firm by the regulators. EagleAi is able to alert potential violations of compliance rules as soon as it happens along with details such as the name of the trading system where such violation is suspected thus giving an opportunity for the trading systems to be corrected before it is allowed to continue trading with compliance violations.
Schedule a demo today with our Compliance management experts.