The Karn Group

Equity Compliance

Providing Solutions for Your Regulatory Needs

TKG’s best execution and regulatory reporting suite is a comprehensive web-based system for trade supervision and regulatory reporting.

Our best execution tool supports your ongoing obligation to supervise your agency order flow with a customized case and workflow management system.

For your regulatory reporting obligation, TKG integrates diverse data sources into databases for report generation and auditing. We provide clients with tools for trade supervision, reporting and regulatory examinations.

Monitoring Market Center Executions & Performance

Monitoring daily trade exceptions is the first step in managing your firm’s best execution obligations. Our best execution statistics and comparative analysis of competing market centers including NMS, OTC Markets, Option and Canadian markets provide a complete Best Execution solution.

Meeting SEC Reporting Requirements

TKG provides solutions for meeting SEC regulatory obligations, including Rule 605 execution quality and Rule 606(a) routing reporting and web hosting, and Rule 606(b)1 and 606(b)3 on-demand order routing disclosures to satisfy customer requests.

Equity Market Data Integration


How are customers supported?

A subject matter expert is assigned as your primary support. In addition, you will have access to alternative support staff to ensure you can always get immediate support when needed. You will be provided with the email addresses and telephone numbers of all support personnel.

How is implementation managed?

A subject matter expert will lead your implementation. Experts in business requirements, data analysis and security will be involved at the appropriate stage to ensure a smooth and satisfactory experience.

How does TKG maintain data security?

Your data is secured both at rest and in transit. Data at rest is encrypted using either PGP, GPG or PKA. Data is transmitted to TKG using SFTP, SSH Web Services, VPN and dedicated telecommunications connections. TKG accepts fixed and delimited files, XML messages and FIX messages.

Does TKG support Single Sign On (SSO)?

TKG supports SSO with Security Assertion Markup Language (SAML) protocol. We can also implement custom SSO solutions to client specifications.

How is access managed and workflow documented?

TKG’s comprehensive entitlement system allows customers to control access to review and approve data and exceptions. In addition, all actions and entries are logged and automatically archived.

Can the system be customized?

Users can customize system parameters through the user interface. TKG can implement additional rules and features during system setup or later on an ad hoc basis.

What market data is collected by TKG?

TKG sources NBBOs, quotes, trades, and admin messages from NMS, Options, OTC and Canadian markets.

What customer data file formats does TKG accept?

TKG recommends customers format data according to our file specification. Alternatively, TKG accepts a broad range of file formats from third parties, order management systems, clearing firms and customer internal systems.