Happy to report: as of Friday’s close of business, users of the Ffastfill Consulting OCR Toolkit have reached a milestone.
More than 10,000 production OCR forms have been submitted to regulatory departments at U.S. exchanges: CME, ICE-US, ICE-EU, NFX, Nodal Exchange and, as of Friday, CBOE Futures Exchange too.
So while CFTC still delays – previous go-live was last September 29th, which was later delayed another six months – the exchanges allowed firms to submit production OCR forms September 29th, 2015. In the 10 months since, OCR Toolkit users have submitted 10,022 production forms.
That’s more than 10,000 forms that didn’t need to be manually prepared by compliance teams at Reporting Firms. And more than 10,000 forms that didn’t need to be manually entered and/or imported by exchange surveillance teams.
10,000 forms, automatically generated, delivered, and consumed.
Automation. For the win.