Read time:
3 minutes
Meabh McMahon
In today’s highly regulated trading environment, compliance and surveillance systems are not just a requirement but a cornerstone of trust and operational excellence. We take pride in delivering innovative solutions that provide our clients the correct tolls they need to deal with these challenges. One of the many solutions that we offer as part of our Trading Data Ecosystem is Market surveillance, focusing on allowing clients to spot any potential market abuse activities.
Spotlight on Surveillance: A Client Project in Focus
One of our current projects demonstrates how we’re addressing the challenges of market surveillance at scale. We have a dedicated surveillance team who monitor all trading activities within the client’s markets department, flagging behaviours indicative of market abuse.Built on DI’s powerful open source TorQ framework, the system integrates seamlessly into the client’s ecosystem.
At its core is a powerful kdb+ stack, supported by a Panopticon frontend, providing real-time visualisations of trading data such as trades, orders, executions, and market data.
Additionally, the Control Centre, assists with case management workflows for alerts generated by the system, streamlining the response process for over 20 global control team members.
The system ingests vast amounts of data from various sources, including global trade feeds, voice data, and reference datasets. Its design ensures flexibility in data ingestion, supporting Java feedhandlers, Python-integrated APIs, REST interfaces, file drops, and direct kdb connections. These multiple ingestion methods cater to both real-time processing and historical data management, leveraging kdb’s TP-RDB-HDB architecture to maintain data integrity and accessibility.
Technical Insights: Advanced Features for Smarter Surveillance
Our surveillance application is designed to address a range of market abuse scenarios by leveraging data in innovative ways:
- Off-Market Alerts: Trade data is plotted against market data to identify trades executed far from prevailing market prices.
- Layering Detection: The system identifies suspicious order patterns, such as frequent placement and cancellation of orders intended to manipulate market prices.
- Voice Data Analysis: Integrated dashboards link to recorded conversations, enabling compliance teams to identify irregularities in trader-counterparty interactions.
These features empower compliance teams to act swiftly and decisively, leveraging both real-time insights and contextual information to ensure regulatory adherence. By integrating trade surveillance with voice analytics and pattern recognition, we deliver tools that enhance regulatory compliance and fraud detection, making them faster, smarter, and more effective.
A Key Area of the Trading Data Ecosystem
Surveillance is just one part of our extensive Trading Data Ecosystem Solutions. By centralising and streamlining operational data, our ecosystem ensures compliance while supporting efficient decision-making across all trading functions. Whether it’s managing risk, optimising workflows, or enhancing regulatory reporting, our modular and scalable solutions adapt to the evolving needs of our clients.
Reach out to learn more about our Trading Data Ecosystem and how we can support your business.
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