OSL adds Eventus Systems transaction monitoring capabilities to trade surveillance program

Eventus Systems, Inc, an award-winning global provider of multi-asset class trade surveillance and market risk solutions, has announced that OSL Digital Securities (OSL), Asia’s first and only SFC-licensed, Big-4 audited, and insured digital asset platform for institutions and professional investors, and member of BC Technology Group (stock code: 863 HK), has added Eventus’ transaction monitoring capabilities, growing its deployment beyond OSL’s ongoing use of the Eventus Validus platform for trade surveillance.  

OSL started working with Eventus in the fall of 2019, and was the first digital asset platform in the Asia Pacific (APAC) region to use Validus for trade surveillance on its markets. Eventus now supports the trade surveillance of two-thirds of the digital asset exchanges listed on CB Insights’ global Blockchain 50 list. 

Eventus last year made hundreds of enhancements to Validus, including adding new capabilities for anti-money laundering (AML) and transaction monitoring. The firm also introduced new automation capabilities enabling clients such as digital asset market centers to far more efficiently self-manage their surveillance models and cast a wide net for alerts, sifting through the noise and better highlighting which alerts require human review. 

Vince Turcotte, Eventus Sales Director, Asia Pacific, says: “We’ve been honored to represent OSL, which recognizes the importance of a robust trade surveillance program in attracting institutional and professional investors as well as reinforcing the integrity of its markets.” 

OSL was the first firm to be licensed by the Hong Kong Securities and Futures Commission (SFC) to conduct Type 1 (dealing in securities) and Type 7 (automated trading service – ATS) regulated activities related to digital assets. The license was granted after the company opted into the SFC’s virtual asset regime and successfully underwent the commission’s rigorous vetting requirements. 

In addition to traditional protection measures, OSL customers trading under the license will benefit from insurance protection on digital assets held in client segregated wallets. Customers will undergo rigorous know-your-customer (KYC) and anti-money laundering (AML) controls. OSL works to mitigate the risk of market misconduct through market surveillance, and conducts transaction monitoring and additional digital asset-specific controls.