Expands multi-asset solution to detect spoofing
A series of upgrades being rolled out this month will review options trading data, identifying potentially manipulative trading patterns both within a single options instrument, between different options instruments, and between options and their underlying stock or futures contract. The latter of these patterns was the subject of an enforcement action filed last month against a
With the addition of options, Surveyor’s surveillance capabilities now cover the equities, futures and options markets.
“We found that more and more of our customers aren’t limiting their trading to equities or any one asset class,” said Trillium CEO
Surveyor emphasizes a visual approach to trade surveillance. Its user interface was designed by award-winning UI/UX architects, and includes a natural language story panel that explains why each alert was generated. A case study on Surveyor’s design is available here.
“We are excited to be able to offer our next generation trade surveillance platform to the options industry,” said Trillium Chief Compliance Officer
Trillium will be demonstrating Surveyor’s new features at the
Trillium is a diversified financial services firm operating three business lines: a proprietary intraday equities trading group; an investment management group; and
Cognito for Trillium