This realization laid the foundation of Street Systems, a management consulting company which offers a reliable alternative for broker-dealers—a creative and effective suite of broker-dealer tools for the financial services community. “Street Systems provides an integrated system which encompasses finance, middle office, compliance, and trading tools for the broker-dealer community,” states Peters.
The firm’s best-in-class solution covers all the financial aspects of the firm—from pre-trade through trading, clearance, and settlement. Street Systems’ dedicated team of software engineers understand the requirements of the financial services industry by working with staff, trading system, and clearing broker to recommend a solution that best fits clients. Street Systems is adept at consolidating data from disparate vendor systems into one data warehouse and reporting engine, using a common set of data structure, rules, and formats. With skilled professionals on hand, Street Systems has in depth knowledge about the transaction and position data used by financial services firms, which in turn improves efficiency and data quality.
“Our regulatory compliance software solution was developed in collaboration with the legal experts who specialize in SEC, FINRA, and FCA regulations,” adds Peters. With Street Systems’ secure web based portal, compliance departments automate all their regulatory responsibilities in a consolidated application.
Street Systems provides an integrated system which encompasses finance, middle office, compliance, and trading tools for the broker-dealer community
Required tasks such as the management and control of employee personal trading, required questionnaires and surveys manage and archive customer account documentation, and various other compliance functions.
Small and mid-sized financial services firms leverage Street Systems for their deep technical knowledge and development expertise in the lifecycle of a trade from execution to clearance and settlement to custody. For instance, one of Street Systems clients approached them to design and build a middle office support system, data repository, and risk reporting engine. Street Systems was able to quickly understand all aspects of the business requirement and delivered a robust and reliable platform that ultimately became the backbone for the client’s data consolidation initiative. Street Systems’ deep knowledge of both the financial services industry and technology was vital to providing the client with the required management tools for better controlling their business operation.
With the zeal to enhance the workflow in the broker-dealer community, Street Systems is planning to add to its compliance suite an innovative employee management module. Forging ahead, the firm is working toward delivering enhanced user experience while bringing in new rules engines, based on the emerging market trends. “Every time new rules and regulations come out, Street Systems stays ahead of the curve by creative innovative and end-to-end solutions for clearing broker and front office trading systems,” concludes Peters.