Strategic Challenges to Implementing Pre-trade Compliance Checking

Rules and regulations do not suffice to ensure the safety of the financial markets for the average financial investor. Of real importance is the efficiency with which the rules and client restrictions are actually enforced, that is, "compliance checked."

Any failure to comply with the above should generate "breaches" (indications of nonconformity). If left undiagnosed, unattended or unmanaged, they are, like the outbreak of a fever, likely to grow worse and lead to severe and perhaps