In 2010 a Tier 1 bank needed to carry out Trade Surveillance on its cash equity trading activities in EMEA. There were a large number of trading systems in use within the bank and the solution needed to be able to take information from these various systems. The bank also wanted a strategic Trade Surveillance solution that could be used globally across all asset classes.
Alerts4 Financial Markets partnered with Apama to deliver the initial Trade Surveillance solution within three months. At this point it covered the cash equity business for EMEA. After the initial project, Alerts4 and Apama worked with the bank on extending the coverage of the trade surveillance and transferring skills to the bank’s personnel. The bank has been running the system successfully for over 3 years and has an ongoing programme to extend surveillance into new product types and regions and to add new scenarios as new regulations are introduced and new types of abuse identified.