The client is working on building a software development kit for each mobile platform, as a service embedded into consumer apps and merchants’ systems, enabling more transactions and incremental value in a single ecosystem. The client had scheduled a qualified auditor from a PCI approved organisation to carry out a compliance audit to prove that the client was capable of handling card data management within their systems, processes and governance.
For regulatory purposes, the client’s electronic FX and Fixed Income businesses have identified a need to document and evidence their catalogue of eTrading algorithms, detailing and evidencing a series of predefined control metrics.
Under the obligation set out by the OCC and CFTC the client required assistance in developing the foundation elements for a Algorithm Risk Management (ARM) framework.
Under the obligation set out by the OCC and CFTC the client required assistance for full self-disclosure in the form of documented due-diligence of their Automated Trading Programs (ATP) across their Securities and FX business.
In response to the Knight Capital loss and the HKSFC consultation on electronic trading, this leading Australasian investment bank approached GreySpark to assist in an independent review of the current risk control framework for the algorithmic trading business.