Eventus

Month: September 2022

SpiderRock selects Eventus for trade surveillance solution

NEW YORK / CHICAGO, Sept. 28, 2022 – Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that SpiderRock Technology Services, a high-performance algorithmic execution and risk management technology provider to institutional trading clients, as well as agency broker-dealer and market data provider, has deployed the Validus platform …

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The Importance of Trade Surveillance Across All Asset Classes

  Our Director of Regulatory Affairs, Digital Assets, Mike Castiglione discusses all things compliance with our Global Head of Regulatory Affairs, Joe Schifano in this pilot episode of Eventus Quick Cuts.   About Eventus Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is …

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CME Enforcement Action: Indicative Opening Price (IOP) Violations

By: Chris Waitz, Director of Regulatory Affairs, Eventus Two US Futures Commision Merchants (“FCMs”) recently paid fines totaling $120,000 to the Chicago Mercantile Exchange (“CME”) and the Chicago Board of Trade (“CBOT”) for submitting orders which adversely impacted the exchanges’ Indicative Opening Price. CME and CBOT Rule 573 (“Globex Opening”) states that prior to the …

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Firms Still Experiencing Pains from Failures Related to Short Selling

By: Chris Montagnino, Directory of Regulatory Affairs, Eventus Two recent enforcement actions serve as reminders of the importance of having appropriate supervision and monitoring relating to short sales. In each matter, the firm incurred violations of SEC Regulation SHO (“Reg SHO”) and paid a six figure fine as a result of the missteps. SEC Rule …

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Signals-based Approach Raises Bar on AML Transaction Monitoring

Originally Published by GlobalTrading By: David Griffiths, Director of Regulatory Affairs, Eventus How has the current alert-based approach to AML transaction monitoring evolved, and what are its limitations? It hasn’t changed that much since Anti-Money Laundering first became important around 2002, when the Patriot Act required banks to heavily invest on AML programs. In the …

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Giving Tech a Lead Role in Crypto Policy

Originally Published by Markets Media By: Mike Castiglione, Director of Regulatory Affairs, Digital Assets, Eventus Crypto policy debates often get portrayed as warring sides battling over values. Not unique to crypto, policy formation is nearly always an exercise of identifying and balancing trade-offs. Common trade-offs in policy are: Individual rights vs. common good Innovation vs. …

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Crypto Regulation in Asia: 2022 Hong Kong Update

By: Vince Turcotte, Director, Digital Assets, APAC, Eventus   Pathway to VASP Licensing This report serves as an update to Eventus’ white paper, Crypto Regulation in APAC: What to Expect in 2022, which was published in February 2022. The key focus of this paper is Hong Kong’s Anti-Money Laundering And Counter Terrorist Financing (Amendment) Bill 2022 …

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