Point Nine Financial Technologies, a leading provider of Middle and Back Office technology and services, today announced the launch of Circle Compliance, a new addition to its cloud delivery platform for investment and financial services firms. Circle Compliance is designed to simplify compliance with the recent directive from ESMA on short position disclosure, which came into force on 01 November 2012, and affects financial institutions trading in the European Union.
The new service offers a cost effective solution for organisations of all sizes which service complex and numerous legal entities, such as regional banks, large asset managers, fund administrators as well as managed account platforms.
Circle Compliance is completely web delivered and requires no local installation. It provides support for automatic notifications, cancellations and full audit trails on all data modifications enabling organisations to be fully compliant with the latest ESMA rules.
