Austin, Texas, 17 December 2019 – S3, a leading provider of trade surveillance, analytics, and regulatory reporting technology, announced today that they have signed CODA Markets who will use S3’s Best Execution Analytics and SEC Rule 606 Reporting services.
S3 has emerged as an industry leader of SEC Rule 606 implementation and their reporting solutions will enable CODA Markets to easily produce 606 regulatory reports in compliance with Securities and Exchange Commission (SEC) mandates. Utilizing the S3 product suite ensures best execution of trading transactions through trade surveillance and analytics, and full transparency to meet compliance and regulatory requirements.
Jason Wallach, COO, CODA Markets stated: “When it came time to select trading analytics and regulatory reporting software, S3 was the clear choice. With S3’s leadership and diligence along with its superior technology, there’s no doubt that we will have the trading tools for identifying best execution and regulatory reporting in compliance with SEC Rule 606 Reports with little effort.”
Mark Davies, Rule 606 industry expert and Chief Executive for S3 comments: “We are happy to have CODA Markets using our Best Execution Analytics and SEC Rule 606 Reporting Services and look forward to delivering superior trading analytics and regulatory reporting technology.”
He adds, “The January deadline is approaching and S3 is committed to delivering the industry and regulators efficient reporting solutions as seamlessly as possible. S3 is one of the industry leaders that is collaborating directly with the SEC for the benefit of the industry at large and our close proximity helps position our clients to effectively integrate rule 606 mandates into their trading operations.”
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S3 is a full service compliance and trade analytics software company providing simple and elegant solutions to address client needs for regulatory reporting, trade surveillance, and best execution analytics, across multiple asset classes., S3’s robust product suite is used today by many of the world’s largest financial institutions, broker-dealers, exchanges, bulge bracket and retail banks, offering exceptional trading analytics technology, and all-in-one regulatory reporting solutions for U.S. and International financial markets.
About CODA Markets
About CODA Markets CODA Markets, Inc. is the operator of an innovative on-demand auction-based alternative trading system that optimizes liquidity aggregation for all market participants. CODA Markets, Inc. is a registered broker dealer, member FINRA and SIPC, and wholly owned by PDQ Enterprises, LLC.