The Karn Group
Fixed Income
Best Execution
Post-Trade
Market Leading Compliance Solutions for Broker/Dealers and Banks
TKG’s Sentinel Post-Trade system sets the standard for industry best practices.
Sentinel integrates trade data from all your sources including order management systems, automated trading systems and clearing firms. TKG seamlessy analyzes your order flow independent of the trading platform or method of execution. We offer a comprehensive and cost effective means of automating your supervision.
TKG can directly access third party pricing to supplement TKG prices and expand covered asset classes.
Best Execution Post-Trade Features:
- Supervises your trading policies including fair value, mark-up/mark-down and commissions.
- Manages fair value thresholds based on sector, maturity and credit risk.
- Provides MSRB G-14 and FINRA 67 series oversight.
- Manages workflow supporting multiple roles and approval levels.
- Data mines with extensive selection criteria.
- Presents detailed market data and interactive graphs of transaction.
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.