TradeTech Expands 360 Solution to SMEs to Navigate Regulation

TradeTech Group, , has expanded its TradeTech 360 software into the small and medium enterprise (SME) market, the firm announced this Tuesday in a statement given to Finance Magnates.
TradeTech 360 is an all-in-one back office solution system for brokers and financial institutions. TradeTech 360 SME is a “lighter” version of the system, which has been developed to improve the end-user experience and includes a number of client portal widgets.

The new system was developed to help firms operating in the over-the-counter (OTC) foreign exchange (forex) and contracts for difference (CFD) markets. As many of our readers are likely aware, there has been a suite of regulatory changes in this market for trading providers in the European Union (EU).
This has made a fast-paced and highly competitive market even tougher. Regulatory uncertainty regarding Brexit and product intervention measures from the (ESMA) is pushing brokers towards greater efficiency.
According to the statement, this is where the TradeTech 360 SME solution comes in, as it meets all of the latest regulatory and reporting requirements. It can also replace existing infrastructure with specific CRM, IB portal, and finance and compliance monitoring tools.
TradeTech 360 SME to Help Firms Operating Numerous Regulatory Entities
Specifically, the solution aims to address the issues that may arise by brokers and firms that run multiple regulatory entities across global markets, which may result in operational inefficiency, the statement said.