Trade surveillance product: Eventus

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Trade surveillance product: Eventus
Risk Tech Awards winner

 

Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its cloud-based Validus platform enables capital markets firms to address evolving regulations and exchange rules globally in the many jurisdictions in which they operate to meet their distinct trade surveillance needs.

Validus monitors, tracks and analyses trade flows and financial risk to maximise the efficiency of clients’ regulatory and compliance operations.

Compliance teams require ready-to-use tools for discovering all types of market manipulation strategies, addressing even the most complex market abuse behaviours.

Travis Schwab
Travis Schwab

The platform employs robotic process automation and machine learning to ensure only the most actionable alerts are escalated for further investigation. It uses anomaly detection and pattern analysis, enabling clients to reduce response time and avoid time-wasting chases. It also allows users to conduct surveillance activity on more than 100 exchanges and market centres globally, regularly adding new markets as clients need them.

Its advanced analytics and procedural automation can filter out noise and false positives, producing higher-quality alerts, while preserving information for both regulatory and supervisory review as well as analysis of patterns and practices.

Validus is also built to quickly scale as demand increases. This helped Eventus’ clients during the tremendous volatility and surge in activity that may have stressed other platforms in the early days of the Covid-19 pandemic.

In the past year, Validus incorporated various enhancements and new features, including a more advanced insider trading module and enhanced fixed income capabilities with a comprehensive suite of procedures.

Eventus introduced Order Book Replay, allowing clients to analyse specific market events to understand how they impacted behaviours and any intent to manipulate the market. It has also extended surveillance procedures to cover numerous equity over-the-counter scenarios, expanded block trade functionality for major US markets and enhanced transaction monitoring workflow. All this provides a more seamless user experience for monitoring and alerting to anomalies and deposit/withdrawal activities as well as enhanced reporting tools.

A testament to the platform is that FTX.com – one of the largest global crypto exchanges – has signed up and is deploying Validus for trade surveillance and risk monitoring of all its markets worldwide.

The judges said:

  • “Excellent range of products.”
  • “Good expansion to meet client demand. Good product and services coverage.”
  • “Very impressive growth from 2021. Revenues up and new product improvements.”
  • FTX.com using the product in crypto as well. Strong new client representation.”

Travis Schwab, chief executive at Eventus, said:

“We are truly honoured to win the Risk Technology Award for Trade surveillance product for the third time in the past four years. Clients that specialise in a wide range of asset classes and operate in a variety of regulatory jurisdictions are particularly pleased with the ability to easily customise Validus and tap the expertise of our seasoned team members to meet their regulatory and compliance challenges.”

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