London Stock Exchange group has launched a new service designed to help market participants identify potential market abuse and financial crime.
Editorial
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Trade Surveillance has two tools – one for servicing MiFID, the other focused on FX.
The reasoning behind the product launch is the increasing demands on financial institutions to identify market abuse, often with traditional surveillance tools that are seen as inefficient and costly.
According to LSEG, Trade Surveillance provides users with alerts on their private trade data as well as market and reference data.
“Ensuring compliance with the Market Abuse Regulation remains fundamental to firms with regulatory obligations,” said Bruce Kellaway, CEO, regulatory reporting solutions, LSEG.
“In a fragmented FX market, context is vital to help assess and manage regulatory risk,” added Bart Joris, head of FX sell-Side trading, LSEG.
