A major global investment bank requested Avantage Reply to assist with the delivery of a governance framework and global policy for electronic trading to satisfy the PRA SS 5/18 requirements. This covered the agency client electronic trading and principal algorithmic trading businesses across Equities, FX, Rates, Credit and Commodities in EMEA, US and Asia.
The client, a leading global investment bank, required its board to approve the electronic trading governance framework and had to define a global electronic trading governance policy, in order to meet regulatory requirements stemming from the SS 5/18.
In order to meet the PRA requirements, enhancements were required to the “Global Electronic Trading Governance Policy” to cover the following:
Avantage Reply delivered the governance framework and “Global Electronic Trading Governance Policy” following the stages below:
The client was able to develop, agree upon and embed an electronic trading governance framework in line with regulatory expectations and tailored to their business model.