ATS Registration and Compliance

Created Specifically for Alternative Trading Systems

  • Proven track record managing regulatory compliance for alternative trading systems (ATS)
  • Deep expertise with online broker-dealers and digital platforms
  • Outsourced manpower at all levels (analyst, manager, CCO and FINOP)
  • NEW: ATS registration for cryptocurrency exchanges

Skillfully Manage Complex Regulatory Compliance Issues

InnReg is uniquely positioned to support innovative organizations in the technology-based trading space, from traditional securities to cryptocurrencies. Our client roster includes ATS, online BDs, and crypto exchanges. This well-rounded experience makes us highly adaptable to the complex requirements of companies that provide alternative access to market liquidity.

At InnReg we understand the distinct compliance challenges faced by ATS platforms. Deploying the digital trading technology and gaining approvals from multiple regulators is just the start. This system must approve and onboard client accounts, manage online funds transfers, seamlessly match buy and sell orders, and settle transactions. All with complete accuracy. And cybersecurity has never been more critical as the SEC steps up enforcement actions against ATS programs.

We support ATS programs in three key areas:

  1. Determine the best regulatory structure based on your business model, technology and subscriber acquisition strategy. Then articulate the unique nature of your business to all applicable regulators as part of their approvals process, including the US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
  2. Develop and manage your compliance and operational workflows to efficiently complete subscriber onboarding, trading surveillance, regulatory reporting, and other relevant processes.
  3. Take ownership of your compliance and back office operations on a fully outsourced basis, allowing you to focus on growing the program and acquiring new subscribers.

We can leverage your current platform. Or recommend the best technology stack to fulfill all your regulatory compliance and back office needs, both effectively and cost efficiently. The final recommendation typically integrates proven third-party solutions into your proprietary technology to achieve the optimal result. All of our systems and databases are cloud-based, so your team has easy access day or night from onsite or remote locations.

ATS Compliance Services

ATS registration and setup:

  • Preparation of and filing of Form ATS with the SEC’s Division of Trading and Markets, as well as other required forms and supporting documents
  • Preparation of ATS business plan
  • Document ATS system infrastructure
  • Development of ATS financial and operational systems and procedures
  • Procedures for ATS system access, risk management controls (SEC Rule 15c3-5), capacity, security, contingency planning and subscriber compliance
  • Development of an ATS supervisory system and written supervisory procedures
  • Development of ATS-focused continuing education program

Operations services:

  • User onboarding
  • Trading supervision
  • Suspicious activity monitoring
  • Anti-manipulation measures

Electronic books and records management:

  • Cloud-based document creation and management
  • Templates and methods based on best practices
  • Record keeping in accordance with Regulation ATS, Rule 301

FINRA broker-dealer registration is a prerequisite for operating an ATS.  Please see our broker-dealer services section for details about:

  • New FINRA broker-dealer registration (NMA)
  • Business expansions of existing broker dealers (Continuing Membership Application - CMA)
  • Supervisory procedures
  • Exams, audits and regulatory filings
  • Regulatory information requests

Compliance Regulations Insights on Alternative Trading Systems

Reach out today for a Complimentary Consultation.

Get in Touch