Market Surveillance

Detect and Respond to Irregular Trading in Real Time

The rapid growth in trading vehicles and venues has created a fragmented market that is increasingly difficult to monitor and control. Market surveillance aimed at detecting and preventing manipulative, fraudulent, or erroneous trading activity is an imperative for exchanges, trading firms, and regulators in order to mitigate risk and maintain confidence in the markets. With automation accelerating the pace and volume of trading, conventional market surveillance technologies have been unable to keep up, typically drawing attention to irregular activities only well after the damage is done.

Progress Software’s Market Surveillance and Monitoring solution accelerator, built on the high performance Progress Responsive Process Management platform, brings market surveillance up to speed with today’s markets, enabling financial institutions, exchanges, and regulators to detect irregular trading activity in real time and take immediate corrective action.

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Have you met RPM's Progress Control Tower yet? Using the Progress Control Tower in market surveillance and monitoring, the compliance and risk manager can: Monitor trading activity by trader, asset class, counter party, and instrument—for a transparent, detailed, and accurate view of the business—to comply with current and future regulations; Detect abusive trading patterns in real time; Initiate workflow to act on alerts—to respond to market events and even curb suspicious activity in real time.

Progress RPM for Real Time Market Surveillance and Response

The Progress® Responsive Process Management (RPM) suite is the first enterprise solution to seamlessly integrate real-time visibility, immediate sense-and-respond, and continuous process improvement capabilities in one unified platform. Extending this leading-edge, event driven business process management platform, the Progress® Market Surveillance and Monitoring Accelerator delivers rich functionality specifically geared to the challenges of real-time market surveillance, including:

• Pre-developed surveillance scenarios covering major types of irregular activity, such as insider trading and front-running, coupled with tools that make it easy to modify and update surveillance scenarios as the market evolves.
  
  
• Customizable dashboards, graphs, charts, and dials to provide a comprehensive and clear view of monitored market operations, in real time.
  
  
• High-performance, complex-event processing capabilities that can monitor and analyze fast-moving market conditions and generate alerts to signal to analysts that there is a potential issue. Alerts can be triggered by single events such as an unusually large or suspected rogue trade, as well as by event patterns such as behavior indicative of insider trading.
  
  
• Process modeling, analysis, and development tools that enable continuous process optimization in response to accumulating knowledge or changing market conditions.
  
  
• A robust enterprise integration layer that seamlessly integrates disparate internal and external market data sources without compromising system performance.
  
  

Progress RPM Powers Operational Responsiveness

In addition to high-performance, real-time market surveillance, the Progress RPM suite can power operational responsiveness across a wide range of business applications, including claims automation for the insurance industry, payments visibility solutions that deliver real-time oversight of payment operations, and more.

Learn more about how Progress RPM breaks new ground for intelligent BPM solutions.