THE KARN GROUP

About
The Karn Group

Leading Provider of NMS 605 Analysis, Equity Surveillance & Fixed Income Compliance Solutions

The Karn Group Inc. (TKG) is a premier provider of compliance and trading technology, specializing in Amended NMS Rule 605 analysis, equity trade surveillance, and fixed income compliance solutions. We serve SEC and FINRA regulated broker/dealers, clearing firms, exchanges, and market centers with sophisticated SaaS solutions. Our senior management team averages over 25 years of industry experience in compliance, trading systems, operational resilience, customer support and information technology.

Our NMS 605 analysis platform helps firms meet the expanded requirements of the Amended Rule 605, including fractional shares, odd-lots, and extended hours trading metrics. Our equity surveillance system provides real-time monitoring and visual exception analysis for trade supervision. For fixed income, we offer Fair Value and Commissions analysis, MSRB Rule G-18 and G-14 Oversight, real-time pricing services, and automated bidding systems for municipal and corporate bonds.

TKG provides comprehensive equity compliance, best execution, trade surveillance and SEC 605/606 reporting solutions, making us the trusted partner for firms navigating today’s complex regulatory environment.

Leading provider of Amended NMS Rule 605 analysis and compliance technology

Industry-leading equity trade surveillance with real-time exception monitoring

The largest provider of Fixed Income Trade Compliance software processing 30% of US retail trades

Complete SEC Rule 605/606 regulatory reporting solutions for broker-dealers

Fixed Income Services annually price more than 350,000 unique securities and 4.1 million transactions

Real-time Municipal Bond pricing system based on MSRB trade reports and ATS quote feeds

Real-time Corporate and Agency bond pricing based on FINRA Trace trade reports

Fully automated Municipal Bond Bidding system responding to Bids Wanted from ATS or OMS systems

Clients include many of the largest US Broker/Dealer firms, Banks and Correspondent Networks

Ted Karn

Ted is the President and Founder of The Karn Group (TKG). Ted is previously best known as the President and Founder of Market Systems Inc. (MSI) where for 12 years, he led MSI to become the market leader in providing SEC Best Execution reports. MSI customers included almost all major US Broker/Dealer firms and clearing firms. Ted sold MSI to Thomson Reuters in 2006.

Prior to launching MSI, Ted traded Fixed Income Bonds and Derivative Securities and Foreign Exchange

  • President and Founder of The Karn Group (TKG) from inception in 2008 to the present.

  • President and Founder of Market Systems Inc. (MSI) from inception in 1994 to sale to Thomson Reuters in 2006.

  • Portfolio Manager for Household International Bank and Colonial Mutual Funds.

  • Trading Manager for Merrill Lynch, First Boston and First Options.

Ted has a BS degree in engineering physics from Cornell University and an MBA in Finance from New York University’s Stern School of Business.