Fidessa Unleashes Market Abuse Monitor for Europe

Fidessa's product is fully integrated with the company's technology ecosystem and market data services, allowing for rapid deployment within a firm's infrastructure. Under regulation such as the Market Abuse Directive (MAD), companies are required to report potentially suspicious behavior within their own operations to their national regulator. The Market Abuse Monitor delivers a fully automated process that can detect and flag suspicious patterns that could be related to areas such as insider trading and market manipulation.

"The European Securities and Markets Authority has raised the bar for market abuse detection for brokerage firms across Europe," says James Blackburn, marketing director at Fidessa. "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."