GREENWICH, Conn.--(BUSINESS WIRE)--Financial Tracking Technologies, LLC announced today that its MarketACE™ database can be purchased separately. MarketACE™ automatically consolidates events daily enabling compliance, legal and audit personnel to perform forensic and back-testing for possible insider trading by employees either in their personal investment account, client portfolios or hedge funds, or combination. The database powers the company’s Insider Trading Detection compliance module that automatically flags trades in securities ahead of market moving issuer events.
MarketACE™ also checks for loss avoidance, also illegal if based on material non-public information. It relieves compliance and risk groups, along with consultants and counsel, of the arduous and daunting task and error prone manual process of gathering and analyzing data. The database is offered in three configurations: domestic, international or global. Companies of all types and sizes qualify for the service, regardless of the industry they serve.
"The SEC essentially continues to set new records in insider trading cases, cases in general and fines and disgorgements. With over $3 billion of fines and disgorgements in its last fiscal year alone, there seems to be no end in sight to regulatory record setting activity” said William D’Amore, senior product administrator. “Examiners seemingly look at years of historical trades in great detail, and for a variety of reasons, with insider trading undoubtedly being one of them. In many cases, companies have no idea what really lies deep within their trading data,” he said.
About Financial Tracking Technologies, LLC
Risk and compliance solutions are all we do. Financial Tracking Technologies, LLC markets the only single stream risk and compliance platform for public companies and the global investments industry. We are the leader in automated compliance solutions that enable regulatory protection and operating cost cutting. Clients include regulators, broker-dealers, mutual funds, money managers, hedge funds and public companies. FTT has earned the trust and commitment from some of the world's most renowned, top tier clients who have found FTT's patented compliance multi-tools to exceed the performance of our competitors. Our responsiveness and client support are unmatched and our staff is equally as committed to service excellence. Risk and compliance multi-tools also offered a la carte. Visit us at www.financial-tracking.com.
