Trading venues need to ensure safe, orderly markets and comply with regulation by monitoring trading activity. With increasing trading volumes and the sophisticated algorithms and manipulation techniques deployed, venues need to ensure they have surveillance systems that fit their market.
This requirement isn’t restricted to trading venues. MiFID II requires that brokers and other trading firms also take an active role in monitoring the market in real time and report any abuse found to external authorities.
Sinara have built both realtime and end-of-day market surveillance systems that identify potentially suspect trading patterns and alert the client’s operations team through email/SMS, as well as displaying market activity through a web-based dashboard. We work with the firm’s compliance team to identify the rules for detecting issues and build them into the system, using our sophisticated testing tools to ensure that disorderly market scenarios are correctly identified.