AFTAs 2015: Best Compliance Initiative—State Street Global Exchange
GX Compliance platform boasts a flexible rules engine, combined with data and resolution-management tools to provide a fully auditable control process.

State Street Global Exchange wins this year’s best compliance initiative, thanks to its GX Compliance platform, following BNY Mellon’s victory in this category last year. Now under the stewardship of the newly created State Street Global Exchange division, the MIG21 platform—originally part of the Princeton Financial stable—has been rebranded as GX Compliance in keeping with the firm’s growing focus on data elements that inform investment management decisions on an enterprise level.
“Compliance and regulatory concerns are more and more front-of-mind for our clients, so there is a lot of interest in ensuring that they have robust compliance solutions that allow them to meet their internal demands, their investors’ demands, and their regulators’ requirements,” says Ivan Matviak, head of data and analytics platforms at State Street Global Exchange. “It’s an area where we have been investing substantially, both in the core technology and in the integration of GX Compliance with our data management solutions and other analytics capabilities like risk and attribution.”
Going beyond compliance management is the core strength of the GX Compliance platform, which boasts a flexible rules engine, combined with data and resolution-management tools to provide a fully auditable control process. The solution also integrates with third-party data feeds such as Bloomberg, as State Street moves to simplify the processes around integrating and maintaining the flow of data into the application.
GX Compliance’s ace in the hole is its LawCards modules, a group of predefined, geographic-based rule sets and update services for all major financial jurisdictions maintained by State Street that encompass legal, contractual, and regulatory requirements associated with more complex business models that come with new asset classes or regional markets.
As well as expanding the geographic range of the LawCards modules, particularly across Asia-Pacific, State Street has boosted the workflow around breach management and integration with risk, bringing in the truView risk platform in conjunction with GX Compliance to create a simultaneous risk and compliance viewpoint. Of course, risk and compliance are two separate disciplines that demand their own dedicated technologies and support teams, but creating a single risk-compliance dashboard can only be a good thing.
GX Compliance’s ace in the hole is its LawCards modules, a group of predefined, geographic-based rule sets and update services for all major financial jurisdictions maintained by State Street that encompass legal, contractual, and regulatory requirements associated with more complex business models that come with new asset classes or regional markets.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2025: Technology leader of the year (vendor)—Mary Cecola, Broadridge Financial Solutions
Mary Cecola, CTO for asset management at Broadridge Financial Solutions, wins technology leader of the year (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology innovator of the year (end-user)—Ruchi Acharya Saraswat, RBC Capital Markets
Ruchi Acharya Saraswat, managing director, head of strategy and transformation, business and client services technology at RBC Capital Markets, wins technology innovator of the year (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Best company for diversity and inclusion (end-user)—BNP Paribas Portugal
BNP Paribas Portugal wins best company for diversity and inclusion (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Wellness/work-life balance award (end-user)—Sarah Mears, MUFG Investor Services
Sarah Mears, chief human resources officer at MUFG Investor Services, wins the wellness/work-life balance award (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Exchange professional of the year—Valerie Bannert-Thurner, Nasdaq
Valerie Bannert-Thurner, executive vice president and chief revenue officer of the financial technology division at Nasdaq, wins exchange professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Rising star (vendor)—Hannah Sayson, S&P Global Marketplace
Hannah Sayson, lead product manager of the S&P Global Marketplace, wins rising star (vendor) in the 2025 Women in Technology and Data Awards.