Sell-Side Technology Awards 2013: Best Sell-Side Market Surveillance Product ─ SunGard

Working across asset classes, Protegent allows for an automated surveillance structure that builds in pattern-recognition software, ad-hoc report generation, and the ability to build cases and record investigative processes that result from potentially abusive behavior. One of the product's key strengths lies in its ability to be taken as an off-the-shelf product, or to be engineered and tailored to fit a firm's individual specifications. For those affected by particular rulings from regulators, for instance, Protegent is able to adapt its rules library to fit, along with providing hosted-service offerings that avoid IT infrastructure burdens.

As any compliance officer will tell you, false positives are the bane of any effective surveillance operation. Protegent combats the potential for symptomatic data to be lost in a deluge of incorrect alerts by allowing for individual calibration, as well as holistically analyzing changes in activity and behavioral deviations that may be indicative of insider or manipulative trading. Protegent's ability to work across asset classes also gives it a distinct advantage in detection, prevention and investigation, considering the complexity of modern schemes that fit these definitions, with its ability to access relevant market data, price-sensitive news and focus on high-risk areas of a business. In an era where surveillance must be more proactive than reactive, technology-focused offerings are the only way forward. But rather than simply throwing technology at a problem, however, intuitive and customizable solutions such as Protegent present a convincing and powerful solution to a serious area of concern.

SUNGARD REACTION

"With the many regulatory reforms as a result of Dodd-Frank, Mifid II, MAD II, and ESMA, financial institutions trading on regulated markets will have to monitor and measure behaviors indicative of market manipulation. To help our customers with this compliance challenge, SunGard's Protegent Market Abuse solution helps firms manage market surveillance and identify high-risk behaviors that require compliance reviews so they can proactively mitigate and respond to regulatory and legal inquiries. Receiving the award for best market surveillance product in the Sell-Side Technology Awards demonstrates SunGard's experience in this area and our ongoing commitment to helping our customers find new competitive advantages through smart compliance management."

Protegent combats the potential for symptomatic data to be lost in a deluge of incorrect alerts by allowing for individual calibration, as well as holistically analyzing changes in activity and behavioral deviations that may be indicative of insider or manipulative trading.

Steve Sabin, COO, SunGard Protegent