PR Newswire
29 Nov 2022, 23 GMT+10
![]() | ![]() |
LONDON and NEW YORK and SINGAPORE, Nov. 30, 2022 /PRNewswire/ -- The increasing complexity of trade surveillance requirements, driven by regulatory demands and exacerbated by volatility, is putting pressure on manual processes and driving investment in automation, a new study by Acuiti has found.
Acuiti's latest report - "Getting to the risk quicker: How trade surveillance leaders are dealing with an increasingly complex environment" - investigates the challenges facing trade surveillance teams as regulations governing trading have grown in scope, detail and enforcement, and as the sophistication and complexity of trading products and techniques has advanced.
The independent report, commissioned by Eventus, collated the views of 71 senior trade surveillance, risk, compliance, technology and trading executives at banks, brokerages and proprietary trading firms. Eventus, a leading global provider of multi-asset class trade surveillance, market risk and transaction monitoring solutions, commissioned Acuiti to conduct this research project to analyse the key challenges that face banks, brokers and proprietary trading firms when structuring effective trade surveillance operations.
Among the key findings:
The report found that firms traditionally faced a straight choice between developing their trade surveillance systems in house or outsourcing to a third party.
Both have their drawbacks and selling points, but a new generation of vendors brings together the best of both worlds through buy and build solutions. This could change the equation for many firms that want to both respect guidance from regulators, which according to respondents prefer third-party surveillance solutions, and maintain the ability to customise systems to their best advantage.
Joseph Schifano, Global Head of Regulatory Affairs for Eventus, said: "It's important to help compliance teams respond quickly and with as much detail to potential issues that arise with their surveillance alerts. Automation techniques enable analysts to work with the front office more efficiently, getting to the root cause of any potential issues. Analysts need to customise their technology and mitigate risk based on particular businesses, regulatory jurisdictions and trading activity. Today's surveillance system must enable its users to be nimble and responsive to a rapidly changing global environment, while being explainable to the front office and regulators alike."
"The pressure on the sell-side to maintain high quality trade surveillance systems is immense and unlikely to abate any time soon," said Ross Lancaster, Head of Research at Acuiti. "Regulation and the volatility we have seen this year are creating sustained stresses on compliance desks, and this is increasing the case for strategic investment."
Download the full report at https://www.acuiti.io/acuiti-eventus-getting-to-the-risk-quicker/.
Acuiti is a management intelligence platform designed to provide Senior Industry Professionals in the Derivatives Industry with high-value insight into industry-wide performance and business operations. Acuiti provides a platform through which our exclusive network of Senior Industry Executives can share and source information on day-to-day operational challenges, providing them and their management teams with increased transparency and in-depth analysis to make more informed decisions and benchmark company performance. Financial Institutions benefiting from our services include Banks, Non-bank FCMs, Brokers, Proprietary Trading Firms, Hedge Funds and Asset Managers.
Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customise and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company's rapidly growing client base relies on Validus and Eventus' responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventus.com.
Logo - https://mma.prnasia.com/media2/1956994/acuiti_LOGOS_v1_Logo.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/635481/Eventus_Systems_Logo.jpg?p=medium600
Get a daily dose of Kuala Lumpur Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kuala Lumpur Times.
More InformationWASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...
TRIPOLI, Libya: Italian prime minister Giorgia Meloni held talks on energy and migration in Libya this weekend, which are major ...
MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...
NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...
MANILA, Philippines: After a Filipina domestic worker was killed and dumped in the desert in the oil-rich emirate of Kuwait, ...
GUJRAT, Pakistan - According to sources, police raided the home of former Punjab Chief Minister Parvez Elahi in Gujrat early ...
MANILA, Philippines: After a Filipina domestic worker was killed and dumped in the desert in the oil-rich emirate of Kuwait, ...
ISLAMABAD, Pakistan - Bilawal Bhutto Zardari, Pakistan Peoples Party (PPP) Chairman and Foreign Minister, said Saturday that Pakistan Tehreek-e-Insaf (PTI) ...
KAREN STATE, Myanmar - According to local sources and media reports, several junta offices in Karen State's Payathonzu town burned ...
SINGAPORE: In December, Singapore saw its key consumer price gauge rise 5.1 percent, higher than predicted, official data said. However, ...
KATHMANDU, Nepal - The search for one of the 72 people killed in the Pokhara plane crash is continuing, according ...