The new Apama solution has capabilities to support the latest ESMA guidelines, among others.
Progress Software has issued the latest release of the Progress Apama Market Surveillance and Monitoring solution with capabilities to support the latest European Securities and Markets Authority (ESMA) guidelines. The new release adds specific support for ESMA regulatory requirements in addition to existing capabilities including monitoring algorithmic trading, order/trade ratios, best-execution compliance, and anti-money laundering (AML).
It offers an integrated, real-time view of external and internal events and processes, supporting the end-to-end surveillance, monitoring and risk management activities required by ESMA, Dodd–Frank, the Securities and Exchange Board of India (SEBI), and other global regulatory bodies and initiatives.
ESMA-specific requirements enabled by the solution include the abilities to monitor electronic trading platforms in real-time, to issue prioritized alerts when there are problems, to automatically block or cancel orders outside pre-set price or size or unauthorized trades or traders, and to flag potential market abuse.
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails