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Press Releases:


REY Consulting Press Release:

Oakland, NJ, June 22, 2008 – REY Consulting, INC (REY), a leading provider of reporting solutions, today announced the availability of a free FixExchangeCodes application.

REY is offering FixExchangeCodes to the securities clearing industry as a means to check and correct FINRA exchange codes on the short interest position files prior to submitting the files to FINRA.  The application can help some organizations greatly reduce the number of rejected records when submitting short interest report files to FINRA. 

The application checks the exchange codes included in the short interest position file directly against the exchange codes published at the FINRA website.  It then creates a list of changes that are necessary and allows the user to save the corrected file for submission to FINRA.  The application also creates a log file containing all the changes that were made to the file.

The FixExchangeCodes can be downloaded Here and can be used free of charge for 60 days.

About Rey Consulting, Inc.

Founded in 1993, REY is a low cost rapid, response IT solutions firm providing professional consulting and project development resources for companies in the financial services industry. We specialize in the development of distributed reporting environments. 

For more information contact:
Joe Rey, President

REY Consulting, Inc.
350 Ramapo Valley Rd., Suite 18-137
Oakland, NJ 07436
Email:
info@reyconsulting.com
www.reyconsulting.com

(201) 337-0051


 

REY Consulting Provides Data Warehousing/Regulatory Reporting System 
for Pax Clearing:

Ridgewood, NJ (June 25, 2002) – REY Consulting, a leading provider of data warehousing and report distribution systems to the brokerage and financial services industry, has licensed WebQuery, their data warehousing and distributed reporting product, to Pax Clearing Corporation as part of Pax’s new PEACE Clearing system.  

Pax, a full-service options and stock clearing firm, provides a variety of securities trading-related services including options, futures and stock clearing and execution, financing, and risk management. Their customers include professional broker-dealers acting as specialists, market makers, off-floor hedge funds and stock trading groups.

  

Pax went live with PEACE Clearing on January 1, 2002.  PEACE Clearing consists of a proprietary front-end with ShadoSuite serving as the back-office settlement system and WebQuery providing data archiving and report distribution capabilities.  WebQuery is fully integrated with PEACE Clearing allowing clients to view reports on-line via a web browser.  Working seamlessly with ShadoSuite, WebQuery archives daily run processes, prints regulatory reports, and provides Pax with a full-featured system to produce standalone reports. Pax ran WebQuery in parallel with their old clearing system from February 2001 until going live on January 1, 2002 and the transition to the new system was smooth and uneventful.

Working closely with REY Consulting during the early development of WebQuery enabled Pax to have a product that meets all their reporting and archiving needs.  Acting as the central repository for their trading information, WebQuery allows Pax to quickly publish all of its reports electronically or by remote printer. WebQuery archives reports in a custom data warehouse and creates an audit trail of generated reports for Pax. Using WebQuery, reports can be printed directly to Pax printers at any of their locations and at printers located at various customer locations.

  

WebQuery offers an intuitive, web-based interface that allows business users to view and distribute both stored reports as well as to generate ad-hoc reports. WebQuery is easily configurable, allowing existing database systems to be quickly transformed into web-enabled applications. Brokerage firms are using WebQuery to meet the reporting requirements of various regulatory agencies, including the CBOE, NYSE and NASD.  REY Consulting provides third party data provider service to allow firms to meet the requirements of SEC rule 17a-4.  WebQuery has been employed at various firms to replace legacy back-office systems, resulting in significant savings to their clients by eliminating maintenance and developments costs associated with the operation of these systems. WebQuery is available for either direct purchase or leasing from REY.

  

For more information contact:
Joe Rey, President

REY Consulting, Inc.
350 Ramapo Valley Rd., Suite 18-137
Oakland, NJ 07436
Email:
info@reyconsulting.com
www.reyconsulting.com

(201) 337-0051


REY Consulting Press Release:

North Haledon, NJ, December 04, 2001 – REY Consulting, INC (REY), a leading provider of reporting solutions, today announced the availability of WebQuery.

"WebQuery provides significant cost savings to our clients, allowing them to create and distribute all of their reports without incurring the expense and training requirements associated with a full-time staff," said Joe Rey, President of REY. "Our product is being used in the securities clearing industry to satisfy the stringent reporting demands of the regulatory agencies and organizations, enabling these firms to focus on their core business concerns. We are excited about the introduction of our flagship product to the securities industry. Our investment in the development of WebQuery for this industry segment is vital to our strategic commitment to the securities clearing industry and our goal of growing this sector of our business."

REY is offering WebQuery to the securities clearing industry, allowing clearing members to maintain reporting compliance with various regulatory agencies, including the CBOE, SIAC, NASD, AMEX and the NYSE.

About Rey Consulting, Inc.

Founded in 1993, REY provides data warehousing, decision support and report distribution systems to the brokerage and financial services industry. REY is headquartered in Oakland, New Jersey and may be reached at (201) 337-0051.


 

Copyright 2003, REY Consulting, Inc.  201.337.0051  info@reyconsulting.com