KYCX AlfaTradeâ„˘ Professional Trading Platform to provide automated reporting workflow solution
Online PR News – 01-February-2013 – 31/01/2013 Kyoto/Japan – KYCX is pleased to announce that KYCX AlfaTradeâ„˘ Professional Trading Platform has developed an automated data report generator for KYCX AlfaTradeâ„˘ Professional Trading Platform users in Japan to meet new regulatory reform requirements.
A Tokyo Cabinet Office Ordinance was recently put into force to reform part of the Financial Instruments and Exchange Act with regard to restrictions of OTC commodities derivatives trading. As a part of this reform, all financial institutions are required to store all trade-related information and report this information to Financial Authorities.
Strengthened regulation against financial institutions is a need at this time, and we should make our utmost efforts to enhance efficiency to maintain competitiveness in the market. In order to reduce the work load of reporting with secured accuracy, we judged that the automated procedure was the best solution and requested that KYCX ALFATRADEâ„˘ Professional complete this development.
This appeal reflects the global trend to strengthen the regulation on derivative trading, and it is now a requirement for vendor systems to accommodate these demands flexibly and to provide necessary services. KYCX AlfaTradeâ„˘ Professional is always ready to serve our customers changing needs, in this case to facilitate changes to regulatory reporting requirements.
KYCX AlfaTradeâ„˘ Professional has evolved by listening to client needs and to market trends. Once again, KYCX AlfaTradeâ„˘ Professional has addressed our clients' need to automate and enhance trader workflow. We expect this trend to continue globally as regulatory reporting continues to be at the forefront of our customers business requirementsâ€ś.
As one of the worldâ€™s leading exchange organizations Kyoto Commodity Exchange (KYCX) provides investors, financial institutions and companies access to global capital markets. Our business covers the entire process chain from securities and derivatives trading, clearing, settlement and custody, through to market data and the development and operation of electronic trading systems.