The Karn Group
Fixed Income
Best Execution
Pre-Trade
Market Leading Compliance Solutions for Broker/Dealers and Banks
TKG’s Sentinel Pre-Trade system sets the standard for industry best practices.
Sentinel Pre-Trade alerts traders, brokers and desk supervisors to potentially problematic trades before they execute. Sentinel Pre-Trade can be integrated with a third party order management systems or your in-house solutions.
Sentinel Pre-Trade can improve the efficiency of your operations by reducing the need to make trade corrections and reissue confirmations.
Best Execution Pre-Trade Features:
- Offers pre-trade and real-time analysis.
- Provides same comprehensive coverage and functionality as Sentinel Post-Trade.
- Prices municipals, corporates and agency bonds in real-time.
- Updates prices in real-time using last trade reports from MSRB and FINRA TRACE.
- References latest ATS offerings and situational bids to ensure accurate prices.
- Flags potential problematic trades before they execute.
FAQ
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 used by the system?
TKG sources security master information, MSRB and FINRA reported last prints (municipal, corporate, agency bonds and structured products), ATS RFQs, offerings and situational bids, broker’s broker bids and bid stacks and US Government Bond prices.
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.