FIA Tech launches global Client Operations team for Trade Data Network Clients

FIA Tech, a leading futures industry technology provider, and eClerx, a market leader in business process management, today announced they have launched an integrated global client operations team to monitor trades and allocations being processed on FIA Tech’s Trade Data Network (TDN). The jointly staffed team is designed to support and augment clients’ own operations teams to identify trade breaks and other risk events as they occur, instead of on T+1, as is commonplace across the industry today. This service, a combination of automated exception management and 24 x 5 global operations support, will be available for all TDN brokers and clients at no additional cost.

GUA Transfer Protocol

Initiative Overview: In preparation for potential Brexit-related business migrations, many firms indicated that a significant number of new Give-Up Agreements may be needed to service clients via EU27-based affiliates or branches. Given the operational and legal efforts required to initiate and execute a high-volume of individual agreements in a short period of time, firms requested additional tools to assist in streamlining re-papering efforts. FIA Tech has worked with the FIA Law & Compliance Division to develop legal and technical solutions enabling these bulk-agreement transfers between entities. To this end, the 2018 FIA Tech Give-Up Agreement Transfer Protocol (the Protocol) was developed and introduced into Docs, which firms may adopt to support these bulk agreement transfers between affiliates.