DASH introduces new regulatory capital compliance platform
29 April 2020 New York
Image: Nagy-BagolyArpad/Shutterstock
DASH Regulatory Technologies, the regtech-focused affiliate of capital markets technology and execution services provider, has launched DASH 360R, a new platform for US regulatory capital calculation and reporting compliance.
The suite is available in both software-as-a-service-based and on-premise deployment options.
The new platform will provide broker-dealers with a choice between the scalability, security and flexibility of the cloud or the complete control offered by local deployment, according to DASH.
In the US, broker-dealers are required by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority to maintain specified levels of capital.
Broker deals must also be able to demonstrate moment-to-moment compliance with the SEC Net Capital Rule.
In order to do so, brokers must have the ability to calculate, on an intra-day basis, their capital charges, which can be an extremely complex process, DASH said.
DASH 360R, a modernised version of DASH’s LDB platform, automates the calculation and reporting process around these regulations as well as any firm-specific requirements.
Venu Palaparthi, DASH’s head of regulatory affairs, commented: “The new 360R platform is a huge leap forward for DASH, introducing advanced technologies never before available in regulatory computing. With the cloud-enabled configuration, we’ve taken the LDB suite – which has been the industry’s most reliable calculation tool for over 20 years – and made it even more powerful, flexible and expansive.”
The suite is available in both software-as-a-service-based and on-premise deployment options.
The new platform will provide broker-dealers with a choice between the scalability, security and flexibility of the cloud or the complete control offered by local deployment, according to DASH.
In the US, broker-dealers are required by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority to maintain specified levels of capital.
Broker deals must also be able to demonstrate moment-to-moment compliance with the SEC Net Capital Rule.
In order to do so, brokers must have the ability to calculate, on an intra-day basis, their capital charges, which can be an extremely complex process, DASH said.
DASH 360R, a modernised version of DASH’s LDB platform, automates the calculation and reporting process around these regulations as well as any firm-specific requirements.
Venu Palaparthi, DASH’s head of regulatory affairs, commented: “The new 360R platform is a huge leap forward for DASH, introducing advanced technologies never before available in regulatory computing. With the cloud-enabled configuration, we’ve taken the LDB suite – which has been the industry’s most reliable calculation tool for over 20 years – and made it even more powerful, flexible and expansive.”
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