MarketAxess Adds Ancoa Market Surveillance for its Fixed-Income Platform

Market abuse surveillance capabilities deployed on European fixed-income multilateral trading facility.

stefan-hendrickx-ancoa
Stefan Hendrickx, founder and executive director at Ancoa.

Ancoa will provide MarketAxess with new specialized RFQ-based trading alerts designed to capture market manipulation intent as laid out under the new Market Abuse Regulation (MAR), as well as the existing obligation to report suspicious transactions (STRs), which extends to include suspicious orders (STORs).

The introduction of the MAR across Europe in July this year, which covers the key offenses of insider dealing, unlawful disclosure of inside information, and market manipulation, also means