Advantages of Automation
Automation of employee personal trades gives firms the ability to capture and process employee trade data quickly and efficiently. MCO offers 100% electronic trade capture, even for employees with broker accounts outside of the United States. This gives compliance improved supervision and oversight of employee trades.
Our compliance software, Personal Trade Manager, receives daily downloads on employee trades from more than 4,000 financial institutions. For institutions outside the US, PTM offers alternative electronic trade capture methods to streamline the supervision process.
Once the employee data is received in the system, the processing of rules and the management of all employee personal trades and holdings happens automatically. Trades can be approved, denied or escalated, according to rules set up for the business.
To learn more about trade capture, visit the MCO blog Capture an Employee's Personal Trades and Holdings.
Employee Trade Pre-Clearance Process
Monitoring employee preclearance requests can help protect the firm from trade violations and insider trading. MCO's Personal Trade Manager simplifies the preclearance process for both compliance and employees.
Employee Trade Pre-Clearance ProcessProcessing an employee post-trade transaction
Receive timely confirmations of employee trade transactions to check for rule breaks and trade violations. The system automatically alerts if a rule break has occurred.