by Jeanene Timberlake (Wall St Letter subscribers can access this here )

Nastel Technologies, the Long Island based vendor of application performance monitoring technologies, has set out a broad campaign for spreading the word about its latest technology that automates regulatory reporting and monitoring under Dodd-Frank, according to Charles Rich, vice president of product management at Nastel.

The vendor officially rolled the capability out at the end of February but one large bank has been running the technology in production for a while, Rich said.

AutoPilot for Dodd-Frank Compliance is a platform that provides real-time reporting of transactions, including transaction times, and also monitoring of trade data and the ability to generate reconciliation reports, among other things.

The system is powered by a complex event processing engine that will also track submitted reports, alerting a user if a positive acknowledgment of a report is not received.

The latest deadline for swaps reporting was Feb. 28, but now Nastel is looking ahead at broader adoption of the system, Rich said.

The vendor has initiated the traditional strategy of mailing information to its largest target market of swap dealers, and Nastel will also present at the IBM Impact 2013 Global Conference.

In addition to US targets, Nastel also plans to reach out to international banks after receiving interest from non-US banks doing business in US derivatives, Rich said.

“I thought this wouldn’t have a big impact on EMEA. I expected it in London, but we are getting interest from France and also banks in a number of countries that want to know more about this,” he added.