Products

• Trade Surveillance & Compliance
• TradeWatch^TM
• TradeDB^TM
• TradeWare^TM
• Loan Securitization: SASS^TM - Syndications and Asset Sales System

What is TradeWatch^TM?
TradeWatch^TM is an electronic trade monitoring system which offers the compliance department an online tool that enables them to satisfactorily meet the various regulatory sales practice requirements and Firm policies. The system is intended to provide the Firm with a level of protection beyond the reporting capabilities of most brokerage companies. TradeWatch^TM provides the various reports to allow the reviewers to concentrate their efforts on ensuring compliance with deferral, regulatory and Firm requirements. In short, TradeWatch^TM provides the means for the Firm to prudently control risks with a system that is easily adaptable to suit business needs.

What Does TradeWatch^TM Do?
TradeWatch^TM is designed to automate the intricate process of detecting potential red flag items that fall under the scope of various regulatory rules and/or Firm policies. For example:

• NYSE Rule 476 - (e.g. actions that are inconsistent with just and equitable principals of trade, fraudulent and manipulative acts, etc.)
• NYSE Rule 401 - (used as a tool to detect trading in advance of research recommendations)
• NYSE Rule 2310 - (e.g. low priced securities, churning or excessive trading, mutual fund switching, etc.)
• NYSE Rule 2440 - (used as a tool to comply with markup/down policies)

The system currently offers 20 predefined exception reports and an ability to customize additional ad-hoc reports. These ad-hoc reports provide all business units with the ability to analyze their businesses from several perspectives. For example, reports can be used to focus on al syndicate deals. After reviewing the results, your attention may then focus on the most active Firm branches in syndicate deals (from buy and/or sell point of view). Your attention may subsequently focus on the brokers placing shares from the offerings and finally the actions of those clients invited to participate in the offering. The Syndicate Department may further be interested in identifying those clients that frequently flip or immediately liquidate their shares. The results of these reports can also be used as a marketing tool to keep clients, through brokers, abreast of upcoming events or offerings. Several additional features enable the users to drill-down to specific concerns, such as detecting patterns of potential abuse not normally detectable, since typically the available exception reports are limited to daily reviews only.

What Technology Does TradeWatch^TM Use?
The cornerstone of TradeWatch^TM is a complete data warehouse, known as TradeDB^TM that captures daily trades and positions. The access technology, TradeWare^TM is a proprietary Openserver/CORBA-based middleware developed by STG and STG's partners. TradeWare^TM permits access to the data warehouse from disparate front-end application; coupled with the Netdynamics "Application Server", permits Internet access. TradeDB^TM includes a set of extractors and loaders that enable fast loads of back-office data into a proprietary trade database schema implemented with Sybase "Adaptive Server". Presently, these loaders handle ADP file formats, but because of the use of a meta-data design, can readily be customized to support other vendor files.