Compliance on the rise as FBR installs Mantas

Friedman, Billings, Ramsey Group (FBR), the Arlington, VA-based investment bank with a large in-house asset management operation with roughly $2.6 billion under management, is rolling out a new compliance system from Mantas across its equities group.The product, Mantas Trading Compliance Solution, uses pattern recognition techniques to monitor trading activities and identify anomalous behaviour. Mantas, based in Herndon-VA, claims that there is an increased demand for compliance technology f