New Equities ATS to use Verdande for Surveillance

Verdande Technology's CBR-driven VTEdge platform identifies, captures, and analyzes unstructured data patterns in real-time, using past events to predict future problems and manage unexpected situations by modeling "normal" behavior and running complex systems analysis and anomaly detection against that model to identify and prevent abnormal behavior. IEX will use Verdande Analytics as an early warning system across critical trading platforms to predict and prevent infrastructure glitches related to switches, routers, and network links as well as surveil orders, fill data, and market data.

"Given the complexity in today's systems, we need to know how to recover from system failures," says Zoran Perkov, head of technology operations at IEX. "Verdande has brought to market a disruptive idea that has never truly been executed well: signal processing via Complex Event Processing (CEP) to understand patterns and deviations from the norm. Cause and effect is no longer a simple linear equation. Verdande allows for a proactive, real time analytics approach that can help inform a human of what possible decisions they can make to reduce the length of an outage."