A few interesting points were brought up by a client in a recent product demo of Compliace Wise 2. Traders and compliance managers do not wish to vet and annottate all orders breached. They are only concerned with the orders that have breached a filter and then subsequently authorised to market.

This, for example, precludes the order breaching the Net Limits. As a standard practice, clients on certain channels always have their Net Limit set to zero. A good example in out client's case was their Private Advisor Clients. Orders breaching these limits are simply authorised and released to market as there was no material breach of any ASIC or house rules.

Filtering such orders would mean that the DTR's only see and have to annotate those order breaches which matter in terms of compliance.

Compliance Wise is a leading platform for managing stock trading compliance issues in Australia