Our client, a Tier-1 US bank, commissioned an investigation of the current practices employed across the banking industry regarding the governance and risk management processes for e-Trading algorithms (algos) that incorporate a model component (or feeder).
The obligations and definitions for model risk management set out in the Fed’s SR11-7 have caused a high level of confusion in US institutions active in the algorithmic (algo) space. The definition of a model, in particular, is so broad that in some circumstances it may cover not only quantitative financial models but also algorithmic trading tools and components.
The client, a global asset manager, requested GreySpark to assess, design and implement a program to deliver MiFID II compliance in time for the January 3rd 2018 deadline.
The client, a global wealth management firm, requested GreySpark assess, design and implement a program to deliver MiFiD II compliance in time for the January 3rd 2018 deadline.
IONA is a mergers and acquisitions (M&A) decision making project originated by large private equity fund for assessing the integration possibility between an online digital bank (Bank A) and a private retail bank (Bank B).
The client received a new platform tailored specifically to its needs and designed in conjunction with the expert advice and experience of GreySpark.
The client was running an obsolete FX trading platform that could not be updated or extended due to lack of source code. The client wanted to design a new scalable and robust platform from scratch which would support low latency trading. The source code would be fully owned by the client.
Following a review in latency performance, the client wanted to conduct a further investigation into low latency firewalls, switches and NICs, used in e Trading colocation scenarios.
The client is working on building a software development kit for each mobile platform, as a service embedded into consumer apps and merchants’ systems, enabling more transactions and incremental value in a single ecosystem. The client had scheduled a qualified auditor from a PCI approved organisation to carry out a compliance audit to prove that the client was capable of handling card data management within their systems, processes and governance.
Due to the recent cases of unauthorised trading, the client established a new unit with the aim of the early detection of behaviours that are indicative of potential unauthorised trading within the Investment Bank, in order to avoid financial and reputational loses.
The Compliance team of a major Asset Management firm asked GreySpark to help with the enhancement of their trading surveillance capability.
GreySpark was asked to launch a project to prevent future unauthorised trading incidents from happening in the future. As regulators around the globe now require banks to monitor, report and provide supervision on trading risk across all assets, the client needs a next-generation supervision and control platform.
