AxiomSL Unveils New Regulatory Solution for Broker-Dealers
The tool addresses SEC rules 17a-5 and 15c3-1.
While the tool is meant to provide transparency and granularity for calculations and a streamlined reporting process for a multitude of rules, the two most pressing for brokers is the SEC reporting rule 17a-5 and the capital requirement rule 15c3-1.
Bruce Runciman, executive director of AxiomSL, tells Sell-Side Technology that the solution computes "inventory haircuts" by classifying the various inventory positions as to their type, performing a netting function for same positions, performing a
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