International law firm Simmons & Simmons joins FIA Tech’s Databank Network
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International law firm Simmons & Simmons joins FIA Tech’s Databank Network 31 July 2023UK Reporter: Jenna Lomax
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Simmons & Simmons has joined FIA Tech’s Databank Network as a law firm partner.
As part of the initiative, FIA Tech will incorporate Simmons & Simmons’ trading venue reviewer (TVR) data into its contract specifications user interface.
The TVR is a digital product that helps trading venue members and other users navigate and comply with trading venue documentation.
The integration of the TVR data within FIA Tech’s Databank Network reference data suite will assist end users to identify reference data for trading venues including basic venue information, regulatory red, amber and green (RAG) status of venues, and legal and financial instrument identifiers.
FIA Tech’s Databank Network is a global network that simplifies the use of reference data, analytics and software solutions from participating firms. It is accessible to independent software vendors (ISVs), exchanges, clearing houses and other data providers.
Andrew Castello, head of client operations at FIA Tech, says: “TVR has been recognised across the industry as a standout legal product for easily navigating the rules of over 160 trading venues globally and this will complement our existing Databank suite of products.”
Rosali Pretorius, a partner in Simmons’s financial services regulation group, comments: “The Databank Network is a valuable resource for the industry, and one that Simmons is pleased to support.
“TVR has proven to be an essential tool for enabling firms to understand and comply with the shifting requirements imposed on them by operators of exchanges and other trading platforms, and we are confident its incorporation will strengthen FIA Tech’s initiative.”
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