Asia Awards 2025: Best integrated market surveillance platform—Eventus

Overview

Surveillance practitioners face significant challenges when it comes to monitoring potential market abuse, particularly when legacy systems are involved as they encounter ever-evolving regulations, exchange rules and increasing data and alert volumes. Compliance personnel are hampered by long waits for requested changes and an inflexible, inefficient system that cannot provide the necessary versatility and responsiveness. Regulatory/compliance staff need to be able to focus on the issues that can potentially threaten firms’ regulatory standing and reputation. Validus is designed to address these challenges.

The solution  

The Validus platform runs in real time and on a T+1 basis and is designed to maximize regulatory and compliance operational efficiencies. Clients can manage their various surveillance functions with an off-the-shelf, customizable and scalable platform offering the flexibility to meet evolving business and technical needs across the regulatory landscape and exchange rules across multiple jurisdictions. Validus’ use of automation, including machine learning, accelerates alert triage by escalating the most actionable alerts for further investigation.

Secret sauce  

Eventus cites several reasons for Validus’ uniqueness in what is now a mature and highly competitive market. These include the ability to:

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

According to Eventus, clients routinely cite the Eventus team’s financial markets and regulatory expertise and collaborative approach to solving regulatory and compliance challenges as part of the firm’s secret sauce.

Recent milestones

• Expanded both data coverage insights—with new reports and alerts focusing on transparency/accuracy/timeliness—and behavioral analytics, identifying new patterns and changes in trader profiles, recognizing potential red flags for rogue trading/account takeovers
• Introduced a real-time cross-product spoofing detection tool for multiple asset classes
• Launched a new pattern and practice procedure allowing firms to review behavior across longer time periods and identify accounts that trigger alerts across multiple procedures or multiple alerts across different symbols

Future objectives

• Eventus will introduce new AI tools and behavioral analytics to improve accuracy, reduce alert noise and identify nuanced patterns of misconduct more effectively.
• These tools harness technologies including natural language processing (NLP) and large language models (LLMs) to help clients automate manual tasks, including report generation, query building and case management.
• Validus-defined logic will enable users to apply internal guidelines to automatically resolve alerts that don’t immediately rise to an actionable level.

Why they won

Market surveillance functions are crucial for firms on both sides of the industry to manage accurately and efficiently without creating false positives―which tend to be disruptive and time-consuming to investigate―to satisfy their various regulatory obligations and reduce the likelihood of reputational risk and fines resulting from market manipulation emanating from within the business. 

Eventus follows up its 2023 win in this category, thanks to its Validus platform that blends advanced surveillance functionality with flexibility and ease-of-use to provide users with one of the most compelling surveillance platforms in a market that is now mature and super-competitive, featuring some of the largest names active in this area of the capital markets.