Trade Compliance System(TCS) The MDS Trade Compliance System is a flexible compliance tool
that provides a verifiable exception audit trail and demonstrates compliance with
internal procedures. By helping automate the surveillance and reporting process, TCS
will help firms ensure that they are meeting Reg. NMS and other industry trading
regulations in a cost effective manner. TCS enables compliance personnel to:
Run pre-canned or
customized searches that will identify specific rule violations
(e.g., Trade Through).
Generate exception
reports that allow multi-level reviews and check-offs as each
exception is analyzed through the firm's process.
Enter comments
during each review concerning the resolution of each exception.
Generate
audit reports from the database based on symbol, date
ranges, or other criteria showing the status and actions
taken for each exception.
