Fidessa Brings Market Abuse Monitor to Europe

The automated platform provides surveillance and detection capabilities that alerts users to behavior that is suspicious, specifically for insider dealing and market manipulation.

This surveillance is required through the Market Abuse Directive (MAD), which is in the process of being updated to require further reporting of suspicious activities. The Market Abuse Monitor can help sell-side institutions stay compliant with the directive, according to James Blackburn, marketing director at Fidessa.

"[The European Securities and Markets Authority (ESMA)] has raised the bar for market abuse detection for brokerage firms across Europe," he says. "As recent high profile cases have shown, falling foul of the regulations has enormous reputational as well as financial implications. By fully integrating the Market Abuse Monitor into our trading workflow we can provide brokers with a streamlined, straightforward and effective means of addressing these challenges. This means that they are in the best possible shape to meet the inevitable rise in complexity and overlap in European market abuse regulation and enforcement."