Regulatory Authorities & Compliance Officers

Since the days of testing on live markets, Global Regulatory Authorities have markedly increased their scrutiny of trading firms, exchanges, and the testing processes they use.

Regulators have particularly focused on potentially (market)disruptive algorithms, hiring larger quantitative teams to add subject matter depth and increasing the scrutiny on testing evidence and compliance signoffs.

Regulatory audits are longer, more frequent and more invasive. Parties can conflict when the audit needs to review proprietary strategies, testing systems not fit for purpose, and processes that make collecting testing evidence difficult.

Regulatory audits can be very time-consuming all parties, but especially for auditors and internal compliance officers. Regulatory audits can leave traders for long periods in conference rooms rather than on theie trading desks, heightening tension.

Executives signing off on compliance and regulatory may have little visibility or confidence in testing yet can be at risk personally if audits go poorly.

Clients using Quantum can provide auditors with digitally signed, detailed evidence of proper systems and compliance testing. Quantum clients can allow auditors to easily rerun the details of these tests, quickly building confidence and dramatically shorten audit timelines for all sides.

Quantum Use Cases for Regulatory Authorities & Compliance Officers

Performance and regulatory use cases for testing algorithmic trading strategies and systems for regulators and financial risk compliance officers

Tests that link the algorithms, market scenarios and regulations consistently across jurisdictions

Evidence that is repeatable, deterministic, & realistic

Artifacts across functional and non-functional testing spectrum

Artifacts Digitally Signed, date stamped and stored for authenticity

Audit Process with tests that are easily rerun in exact manner as in compliance testing (fast, cheap, accurate)