Adam Phones offers trade reconstruction and reporting to complement its compliance solutions

London, United Kingdom – Adam Phones – leading independent service provider in mobile and fixed line communications – today announced its partnership with SteelEye to grow and extend its compliance portfolio to help customers meet their regulatory obligations.

The partnership will combine Adam Phones’ leading fixed line and mobile voice recording capabilities with SteelEye’s record keeping, transaction reporting, trade reconstruction and best execution capabilities in a secure, scalable solution.

Adam Phones already has several leading telecommunications offerings for MiFID and PCI compliance, and a strong heritage in delivering compliance across the financial sector with over 350 alternative investment clients. By integrating SteelEye’s platform, Adam Phones will enhance its suite of products and enable its customers to bring multiple forms of communications together to provide insight and management into a single tamper-proof repository.

SteelEye’s cloud platform enables firms to consolidate their order, trade, communications, CRM and market data to meet regulatory requirements and perform detailed analysis to gain powerful insights into behavioural and commercial activity. Whether it is market or reference data, mobile and fixed voice, text or email correspondence, all forms of communication are amalgamated to deliver transaction reporting and trade reconstruction, allowing customers to deliver exactly the information a regulator requires reducing cost, risk and complexity.

Adam Toop, Chairman & CEO of Adam Phones, commented: “While many of our customers have a responsibility to the regulator under MiFID, integrating the SteelEye platform enables them to further leverage compliance expenditure to gain valuable performance insights.  Our customers are already using the solution to organise unstructured data, delivering meaningful business intelligence with unmatched speed and agility.”

Matt Smith, CEO at SteelEye, added,“Voice data capture is one of the most complicated elements of regulatory record keeping obligations needing to be addressed by financial services firms. This includes the necessity to capture voice calls where they relate to trading activities. The partnership between Adam Phones and SteelEye will ensure our mutual clients have the most advanced and comprehensive record keeping, analytic and compliance capabilities available in the market.”