Asia Awards 2023: Best market surveillance platform—Eventus

Overview

Austin, Texas-based Eventus’ flagship offering, Validus, supports trade surveillance, risk and algo monitoring across all asset classes. Market participants, exchanges and regulators need to sift through more data and information than ever before to address potential market abuse. They also need to find efficiencies and ensure that regulatory/compliance staff are focusing on the most important issues that can present a threat to their firm’s regulatory standing and reputation. Validus helps them do that.

The solution

The Validus software-as-a-service (SaaS) platform runs in real time and on a T+1 basis to maximize regulatory and compliance operational efficiencies. Clients have access to an off-the-shelf platform designed to meet evolving business and technical needs related to regulations and exchange rules across multiple jurisdictions. The firm’s use of robotic process automation (RPA), including machine learning functionality, accelerates alert triage by escalating the most actionable alerts for further investigation.

Secret sauce

Validus provides the ability to: 

• Generate efficiencies through robotic process automation
• Customize and scale the platform to meet users’ changing needs
• Ingest any form of data from any source
• Provide authoritative information to support regulatory and supervisory review 

Recent milestones

• Added three-dimensional order book replay, enhancing visibility into potentially manipulative behavior 
• Expanded its Asia-Pacific geographical and client reach. Eventus signed its first client (trading venue) and established an office in Japan, adding to its presence in Singapore, Hong Kong, Malaysia, and Australia. It also signed its first client in Taiwan (an Asian securities brokerage firm) and added an Australian financial services provider to its clientele. 

Future objectives

• Introducing surveillance for cross-product manipulation across correlated instruments; new functionality for behavioral statistics; expanding fixed-income, block trades and energy use-cases; and greater scalability to support its largest clients. 
• Launching its new services and solutions group during Q2 2023
• Enhancing Validus user interfaces to provide streamlined dashboards, improved visualizations, more efficient workflows, and greater transparency

Why they won

Eventus wins the best market surveillance platform category in this year’s WatersTechnology Asia Awards thanks to its flagship Validus offering. Capital markets firms’ market surveillance functions have grown appreciably in broadness and complexity in recent years, driven by regulatory imperatives in addition to internal and investor demands. The Validus software-as-a-service (SaaS) platform excels on all fronts, including trade surveillance, risk and algo monitoring across all asset classes, providing user-firms with a single, integrated platform for their compliance/surveillance needs.