The Karn Group

Fixed Income
Compliance

Providing Solutions for Your Regulatory Needs

TKG is the largest provider of fixed income compliance solutions for broker/dealers, banks and clearing firms. TKG processes 30% of US municipal, corporate, agency retail trades and reviews over 4.2 million transactions and 350,000 unique securities annually.

TKG prices municipal, corporate, agency, structured products and US treasury bonds with our proprietary pricing technology. Our pricing services incorporate last trade reports from MSRB and FINRA TRACE, comparable security analysis and quote feeds from ATS markets.

Leading Solution for Exception Reporting

Our Sentinel Post-Trade system offers the most comprehensive web-based tool to supervise trading policies and assess the fair value of fixed income transactions.

Advanced Solution for Exception Reporting

Our Sentinel Pre-Trade system offers the most advanced web-based tool to supervise trading policies and assess the fair value of fixed income transactions.

Fixed Income Data Integration

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.