Kinetix Trading Solutions, a Compliance and Trade Management solutions provider to capital markets firms, has secured legal approval for its Rules Engine for the EMIR and Dodd-Frank Act regulatory frameworks. Importantly, this allows derivatives market participants to ensure that their trades can be validated with confidence in advance of the mandatory European clearing deadlines that go into effect this June.
The law firm Katten Muchin Rosenman LLP has reviewed and validated the updated scenarios, providing important comfort in the world of post-trade compliance. The Kinetix Rules Engine now allows clients to automate compliance with a growing mountain of regulation that has increased in quantity, complexity and geographic reach over the last several years.
“Legal certainty is at the heart of regulatory compliance,” said Paul Puskuldjian, Chief Operating Officer of Kinetix. “This stamp of approval places the Kinetix compliance solution head-and-shoulders ahead of other derivatives trade validation efforts.”
“We are delighted to play a principal role in ensuring trade certainty for the derivatives industry,” said Guy Dempsey, Attorney at Katten Muchin Rosenman. “With such a complex regulatory landscape, industry participants reach significant benefits from the confidence of legal validation.”
This upgrade expands the existing suite of Kinetix post-trade compliance offerings, ensuring that clients are fully compliant with the latest regulations across the capital markets, an increasingly pressing and challenging task across all asset classes. Formed in 2010, Kinetix is based in Princeton, New Jersey.
