Proprietary trading firm Tibra Capital has selected Redkite Surveillance to fulfill its compliance obligations under European Securities Markets Authority (ESMA) guidance.
ESMA recently released guidance on what it considers to be proper oversight functions in automated trading environments. As an options market-maker operating globally, Tibra's practices fall under the purview of this regulatory move.
"Principal trading firms such as Tibra now have the requirement for intelligent and efficient market surveillance tools," says Matthew Coupe, sales director for EMEA at Redkite Financial Markets. "To this end, Redkite Financial Markets has turned algorithmic trading scenarios on their heads with a solution that reaches out and detects trading anomalies and potentially abusive trading practices in real-time, in the most accurate manner. We are delighted Tibra has selected the Redkite Surveillance compliance monitoring solution."
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