News

with new 'Market Detect' analytics tool

Business Systems has launched its very own enterprise level trading surveillance system called Market Detect and has already signed up Winterflood Securities to become an early adopter of the technology.

Market Detect incorporates flexible and powerful analytics tools incorporating Complex Event Processing (CEP) technology designed to assist financial institutions in detecting and preventing market abuse, minimise trading risk whilst ensuring compliance

This competitively priced surveillance and analytics tool bucks the trend, rather than a shrink-wrapped ‘one size fits all’ solution, the service delivery element focuses on consultancy ensuring it is customised to meet specific compliance requirements. It is also one of the first surveillance systems which can be delivered flexibly on a hosted pay-as-you-go basis or as an on-premise solution implemented onsite

Market Detect works by intelligently collecting and analysing organisational data including agent, trader and client activity data using a state-of-the-art detection engine to uncover and present hidden patterns. Taking direct feeds from trading and telecommunications data, the application incorporates intelligent transaction monitoring, a fully featured alert engine and provides case management for automated reporting and audit trail capture

Known scenarios or rules can be modified and enlarged by compliance or internal audit and the application works intelligently using algorithms to provide increasingly predictive data leading to proactive decision making. According to Simon Rafferty, Head of Compliance at Winterflood Securities " The decision to invest in Market Detect was an obvious one for us, it is not only priced competitively, it gives us the ability to tailor it to specifically meet the needs of our business."

Email sales@businesssystemsuk.com for more information on Market Detect or call 0800 458 2988