SunGard’s Protegent Personal Trading Assistant (PTA) is an intuitive, browser-based application that automates compliance with personal trading regulations, including SEC Rule 17j-1, Investment Company Institute recommendations, Sarbanes-Oxley, and any firm’s individual Code of Ethics.
PTA spans all areas of personal trading, from Preclearance authorization through post-trade reconciliation and reporting, ensuring comprehensive, documented compliance for any firm subject to personal trading regulations and mandates.
PTA is simple to use, and it is configurable for each firm’s requirements. Compliance officers administer the system, and can choose an automated Preclearance process, a manual approvals process, or a mix of each based on company needs and daily practices.
In a typical sequence of events:
1. Firm employees (Basic Users) enter their brokerage account and holdings data into the user-friendly browser interface. For example, an employee wishing to make a personal trade enters a request into the system.
2. PTA tests the request against multiple rules, including regulatory mandates, code-of-ethics policies, and standard trading practices.
3. After Preclearance, the back end of the PTA system reconciles the executed trade confirmations, and documents the entire transaction.
PTA is built upon proven, leading-edge Java 2 Enterprise Edition (J2EE) technology and supports both Microsoft SQL Server and Oracle databases. The components of PTA are smoothly integrated:
4 The intuitive administrative interface provides complete control over a powerful rules- validation engine, enabling granular definition of rules and rule arguments.
4 The rules-validation engine enables firms to update rules quickly and apply them to any or all of PTA’s designated user levels: Access Groups, Access Levels, Corporate Entities and Users.
4 Finally, PTA has been pre-integrated with major trading systems and electronic broker confirmation services to streamline and simplify implementation and ongoing management.
PTA delivers several immediate benefits, including:
4 Improved visibility into employees’ personal trading
4 Reduced compliance paperwork
4 Streamlined workflow
4 Comprehensive surveillance
4 Alerts that enable users to avoid SEC-imposed fines
PTA delivers an effective solution for all industries, including financial services, accounting, consulting, legal professions, and all public companies. It’s the most robust and comprehensive solution available for personal trading compliance. Designed to monitor and manage employee trading activity, PTA is a powerful yet easy-to-use tool to ensure compliance with regulatory requirements and individual firm mandates. Combined with SunGard’s broad suite of support services, PTA is the complete personal trading compliance solution.
The full set of PTA documentation consists of the following manuals:
4 Employee User’s Guide—Describes how an employee uses PTA.
4 Attestations Guide—Explains how a compliance administrator creates and maintains certifications and disclosures in PTA.
4 Compliance Administrator’s Guide—Describes how a compliance administrator performs administrative tasks in PTA.
4 Initialization Spreadsheet—Provides the required layouts for importing data into PTA.
4 Initialization Workbook—Describes the formats for PTA.
4 Installation Guide—Explains how to install PTA on an application server.
4 Rules Reference Guide—Describes how a compliance administrator sets up and maintains rules used in PTA to enforce compliance laws, regulations, and policies.
4 Standardized Reports Guide—Describes the standardized reports that PTA can generate.