RegRecon

Take Charge of Compliance with RegRecon

RegRecon Overview

Reg Recon is a real-time, web based surveillance alert and report tool that assists firms with compliance. Reg Recon has two main components:

  • Reg NMS Module– Real-time warning of potential trade-through trades.
  • Clearly Erroneous Module – Real-time alerts of potential clearly erroneous trades, online erroneous trade filings to NASDAQ OMX MarketWatch and negotiations with the contra party.

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To access Reg Recon you must subscribe to a NASDAQ Workstation, Weblink ACT 2.0 or Clearly Erroneous Viewer.

Features and Functionality

    New Features:
  • Ability to view and file for multiple MPIDs
  • Email alerts for potentially erroneous executions and filing status changes
Reg NMS Module:
  • Real-time warning of potential trade-through trades.
  • Time and Sales details showing which protected quotes were traded through.
  • Ability to download and print five days of historical data.
  • Record of NASDAQ Self Help declarations and revocations.

Clearly Erroneous Module:
  • Erroneous trade alerts for potentially erroneous trades on The NASDAQ Stock Market.
  • Ability to view and file for multiple MPIDs. 
  • Electronic clearly erroneous filing directly with NASDAQ MarketWatch.
  • Email notifications for both potentially erroneous trades and filing status. 
  • Anonymous negotiation of erroneous trades with the contra party and the opportunity to accept the final adjustment or proceed with MarketWatch ruling.
  • Real-time filing status updates during the entire filing process.
  • CE Viewer displaying all trades under review street-wide by MarketWatch in real-time.
  • Ability to download and print 90 days of historical data.

Fact Sheet

Resources

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