Eventus Systems, a global trade surveillance and market risk platform provider, is to provide its futures market surveillance technology to INTL FCStone.
INTL FCStone recently announced several expansion initiatives and deployed the cloud implementation of the Validus platform, replacing its current outsourced system and bringing new capabilities and cost efficiencies to its business.
Eventus now provides trade surveillance and financial risk management to more than 20 per cent of registered US futures commission merchants (FCMs). Also deploying the Validus platform are a growing list of exchanges and firms participating in a wide range of global asset classes, including equities, options, foreign exchange, fixed income and cryptocurrencies.
Sandra McCarthy, Chief Compliance Officer for the FCM Division of INTL FCStone Financial, a subsidiary of INTL FCStone, says: “Eventus offers us an outstanding system with great market coverage. Validus has been very easy to implement, and its staff has worked with us to ensure the technology promotes cost and time efficiencies while addressing matters of interest to regulators.”
Eventus CEO, Travis Schwab, says: “We’re delighted that INTL FCStone – with its significant and growing global market presence, diverse client base and full breadth of products – recognises the value in our technology. Our team is continuously focused on adding important new features, integrations and marketplaces for our clients, and our expanding client roster reflects that emphasis.”
Eventus just added three new exchanges and its first Swap Execution Facility (SEF) to the list of marketplaces on which it provides market surveillance coverage.
Validus helps firms monitor for unwanted market manipulation behaviour such as spoofing, layering and wash trading, as well as provides functionality for a wide range of procedures, including Indicative Opening Price (IOP) and compliance with Tag 50 requirements. The platform enables full compliance with all trade-related regulatory and exchange requirements across the globe.
