Interactive Brokers Selects LPA Group Solution for Regulatory Documentation

LPA Group(LPA), a pioneer in capital market technology, announced that it has been chosen by Interactive Brokers, one of the biggest US-based brokerage firm, to provide a solution for regulatory documentation for its entire range of financial instruments including stocks, bonds, options, and futures in over 135 markets, 33 countries and 23 currencies.  

LPA's solution, the Capmatix Doc and Data Cockpit service, is used by both manufacturers and distributors on the buyside and sellside and acts as a guard for MiFID II and PRIIPs regulations, protecting from disclosure mistakes for financial products through a maintained repository of latest data and documents.

Cloud-based and automated, the product will analyze Interactive Broker's product range each day, looking at availability, languages and jurisdictions/domiciles of the relevant documents, linking to the correct source and guaranteeing the right level of coverage for that product. The Capmatix Doc and Data Cockpit will be optimally tailored to the firm's range of products, recognizing exactly what is required for the current product portfolio in the shortest possible time.

Eran Elad, Product Manager, LPA Group said: "Our goal is to always help our customers achieve full compliance and increased efficiency, and we are delighted to work with Interactive Brokers and support their needs in this way. We hope that our collaboration helps the company meet its high-quality standards for customers and regulatory compliance through a modern and forward-thinking approach to technology usage."

Fazzaco reported that Interactive Brokers recently posted its trading volumes for the month of July​, indicating a jump in DARTs on a YoY basis.