Market Surveillance Accelerator
Given the current market conditions and the persistence of rogue traders, it has never been more important to ensure that you can monitor and manage trading activity in real-time. The Progress® Market Surveillance and Monitoring Accelerator delivers the surveillance technology you need to quickly discover and respond to fraudulent activities. It allows you to monitor, analyze, and act on fast-moving data because it leverages complex event processing (CEP), a tried and tested technology used in some of the most demanding capital markets applications.
The Progress® Market Surveillance and Monitoring Accelerator offers a range of real-time detection capabilities that include pre-defined scenarios covering abusive trading practices and anomalous market conditions. Its open platform enables rapid development, customization and deployment of surveillance applications. The Accelerator's graphical development environment allows business users to create detection scenarios as new abuse patterns emerge and regulations change.
Jumpstart your surveillance application deployments and continuously modify them with out-of-the-box functionality:
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The Market Surveillance and Monitoring Accelerator includes GUIs with pre-built alerts and user inbox. |
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Market operational controls with the real-time Orderbook Viewer: track trade prices and spreads for individual instruments, configure the accelerator to show the real-time order book of the venue or flow of a trading participant, and view alerts for threshold breaches and other abnormal behaviors |
Can existing surveillance and control systems deliver? Frequently not, since they often generate too many false alerts, or they generate alerts without meaningful insight or context. In addition, existing systems are often focused on abuse detection alone, lacking the ability to offer additional services such market and operational monitoring, and management and control. Using the Progress® Market Surveillance and Monitoring Accelerator you will gain the ability to:
- Detect pre-defined surveillance and market monitoring scenarios;
- Initiate responses through immediate alerts and comprehensive workflow automation;
- Monitor trading at the speed of trading, detecting abusive trading patterns in absolute real-time;
- Enable rapid development, customization & deployment of applications as patterns change;
- Accelerate ROI with out-of-the box functionality while maintaining flexibility;
- See every move your traders make – and get back in control.
What's more, the Market Surveillance and Monitoring Solution Accelerator is built on the Progress Responsive Process Management (RPM) suite. The Progress RPM™ suite brings together real-time visibility, immediate sense and respond, and continuous business process improvement capabilities into one unified platform. It builds upon the Market Surveillance and Monitoring Solution Accelerator with enhanced features including improved market abuse pattern detection, integrated workflow, alert management, case management and collaboration.
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The Progress Control Tower is a unified, interactive environment that offers a graphical studio to model, visualize, adjust and control complex business processes. |
The Market Surveillance and Monitoring Solution Accelerator harnesses the power of the unique Progress RPM suite—bringing together the capabilities of Business Transaction Management (BTM), Business Event Processing (BEP) and Business Process Management (BPM) technologies through a unified, interactive environment, the Progress Control Tower™. The Progress Control Tower technology offers an interactive graphical studio to model, visualize, adjust and control complex business processes, of which market surveillance and monitoring is a prime example.
The market surveillance and monitoring features of the Marketing Surveillance and Monitoring Accelerator include:
Market Surveillance
A set of out-of-the-box user interfaces, pre-built alerts for standard market abuse types, a real-time order book for trade flow views, as well as trade replay facilities. Among the conditions for which the accelerator offers pre-built patterns are:
- Insider trading
- Front running a client order
- Front running research
- Wash trades by single counterparty
- Wash trades by colluding counterparties
- Price ramping during continuous trading
- Price ramping during auction (marking the close / open)
- Manipulating the underlying
- Painting the tape (spoofing)
- Layering
- Order book manipulation
Market Monitoring
The accelerator also allows you to perform market operational monitoring and control to give you more real-time management insight into trading activities. Included are monitoring scenarios for:
- Trading volume spike
- Trading price spike (profit potential)
- Trade price spike (abnormal movement)
- BBO spike
- Spreads and comparisons
- Passive orders
- Large orders
- Market maker monitoring
In terms of both market surveillance and monitoring, organizations can monitor, analyze, and act on fast-moving data with the Progress® Apama® complex event processing (CEP) platform, which has been proven in some of the most demanding applications within capital markets—algorithmic trading, market aggregation, smart order routing, real-time pricing and in-line risk management. And with the flexibility of the Apama development tools, surveillance patterns can be continuously monitored, calibrated and adjusted to meet the requirements of a dynamic market.
