Interactive Brokers has implemented a technological solution to automate its regulatory and product documentation processes on all instruments through a new partnership with LPA Group.
The capital markets technology company provided Interactive Brokers with its Capmatix Doc and Data Cockpit tools for documenting stocks, bonds, options and futures in more than 135 markets through a 24/7 automation process. 7.
LPA Group said the implementation will provide the necessary financial product documentation on a daily basis to ensure regulatory compliance and increased transparency for customers of Interactive Brokers.
âArmed with this awareness of the availability of documents, we can actively control our product offering for each of our distribution countries in Europe. This gives us the opportunity to expand our product line and ensure compliance at all times as part of product governance, âadded Yochai Korn, Managing Director of Global Financial Reporting Services and Global Head of Financial Reporting. market data and research at Interactive Brokers.
Providing correct documentation to clients and for regulatory purposes for businesses can be difficult, with millions of documents in different languages ââand variations burdensome for many institutions.
LPA’s technology, which uses deep learning and pattern recognition, is tailored to customers’ product line to signal the requirements of product portfolios.
âOur goal is to always help our customers achieve full compliance and increased efficiency,â added Eran Elad, Product Manager at LPA Group. âWe hope that our collaboration will help the company meet its high quality standards for customers and regulatory compliance through a modern and forward thinking approach to the use of technology. “