Mantas and IBM collaborate for trading abuse monitor

COMPLIANCE | NEW SYSTEM TO WARN FUND MANAGERS OF VIOLATIONS

FAIRFAX, Virginia -- Mantas, a compliance technology provider for the financial services and telecommunications industries, has partnered with IBM to develop Mutual Fund Monitor, a system developed to enable fund managers to detect market timing, late trading, self-dealing and breakpoint violations.

The product is designed to analyse trading scenarios and behaviour patterns of individual portfolio managers; if any suspicious activities are detected, alerts are sent to a fund’s designated off