BCS Takes b-next for Market Abuse Surveillance
The selection of b-next as a surveillance and compliance provider comes on the heels of BCS's approval by the UK Financial Conduct Authority (FCA) for operations in London. CMC:Suite allows for the monitoring of execution and order flow across asset classes, with the software being integrated with BCS's internal trading system.
"Our recent approval by the FCA positions BCS well to expand into an international market," says Wendy Langridge, chief regulatory officer at BCS. "Quality is of the utmost importance to us and we are committed to building a robust and transparent European business. To further enhance our compliance surveillance, we have chosen to work with b-next, one of the leading systems in this field, to ensure that we are proactive in improving compliance and the quality of our market-abuse monitoring."
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