Xconnect has been authorised and regulated in the UK since 2005, complying with FCA and MiFID II regulations along with exchange rules.
Xconnect maintains a transparent and diligent approach to compliance requirements and regulations, with a strong governance structure in place to expedite implementation of any developments in the regulatory landscape. Adhering to both the spirit and letter of the law, Xconnect furthermore takes a very serious approach to financial crime and is fully conversant in all relevant legislation, with access to high-end systems to help prevent money laundering.
In line with a commitment to staff and systems, the Compliance Department consists of highly qualified staff with the International Compliance Association, Series 3 and Chartered Institute of Securities in Investments qualifications and access to industry standard systems covering post-trade transparency and due diligence. The firm also has and continues to develop, its own in house bespoke monitoring systems with automated machine learning technology covering multiple asset classes and assessing in real time against market abuse and AML risks on 100% of data points.
Xconnect has a code of conduct for its brokers that mirrors the standards and expectations set by the regulator:
• to act with Integrity
• to act with due skill, care and diligence
• to observe high standards of market conduct
• to maintain open communication channels with the firm’s regulators