About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

How to Control Access to Single Dealer Portals and Other Market Services

Subscribe to our newsletter

Against the backdrop of rapid adoption of electronic trading across cash asset classes that aren’t typically traded on exchanges, financial institutions are struggling to control access to external trading portals and platforms, and other market services. This phenomenon is presenting a particular challenge in fixed income and foreign exchange markets, where single dealer portals that allow banks to trade assets on behalf of their clients are growing in popularity and use.

But herein lies a problem – control over access to these portals has become an issue due to practices such as password sharing, and lax security around trading portals that can leave firms vulnerable to potential market abuse, vendor penalties, security breaches and regulatory censure. In particular, firms risk non-compliance with the SEC’s wide ranging Systems Compliance & Integrity (SCI) regulation, which was drafted in recognition of the potential security issues of using trading portals.

A recent white paper authored by A-Team Group and sponsored by West Highland Support Services, Getting Control of Access to Key Market Services, considers how firms are using single dealer portals and identifies shortfalls in practices that could potentially lead to breaches of Regulation SCI.

ews the need to put security and compliance capabilities around access to market services, including trading portals. This entails establishing controls over access to these portals and other key market services that are based on centralised control systems capable of secure storage and entitlement to service accounts and passwords. With these systems in place, the white paper outlines the benefits of establishing best practices around access control.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...

BLOG

Quincy Data Collaborates with NovaSparks to Enhance NovaTick with QED Feed Integration

Quincy Data, a division of McKay Brothers, has partnered with field programmable gate array (FPGA) market data technology vendor NovaSparks, to integrate the Quincy Extreme Data (QED) Feed into NovaSparks’ NovaTick ultra-low latency ticker-plant, which leverages FPGA matrix architecture to meet the high-performance demands of electronic trading platforms. The integration allows NovaTick to process the...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...