Defining Regulatory Surveillance Requirements

A Tier 1 Inter-Dealer Broker planned to implement a Trade Surveillance solution. The organisation traded a large number of product types and had grown by acquisition so the exact trading strategies and possible abuse types were not fully understood. Also there were numerous IT systems used within the organisation so the sources of the data were not well understood

Alerts4 Financial Markets undertook a 6 week consultancy engagement to:

  • Build a catalogue of all products traded by the organisation
  • Identify the trading activities and possible abuse types applicable to each asset class
  • Identify the IT systems from where the relevant information could be sourced
  • Prioritise and scope the Trade Surveillance solution and deliver a framework RFP document for the client to select vendors

This was delivered on time, to budget and allowed the client to deliver a solution which met the regulatory requirements