Eventus

Algo monitoring with customizable procedures and breadth of coverage in real-time

Algorithmic trading monitoring

Validus Algo Monitoring is used by global trading firms to manage and reduce risk, increase transparency, and enable regulatory compliance, including for MiFID II’s Regulatory Technical Standard 6 (RTS 6), UK and EU Market Abuse Regulation (MAR), FINRA 3110, and other supervisory rules.

Procedure suite runs on real-time streaming data to monitor algorithmic trading performance and behavior via direct exchange drop copy feeds, internal client systems, or one of our 70+ third party platform integrations – all aggregated into a single view.

Highly customizable parameters to cover multiple aspects of potentially disruptive behavior including volume, excessive messaging, rejects, price moves, and order, fill, and cancel rates.

View, replay and analyze the full order lifecycle, including underlying raw messages combined with market data. Filter by venue, account, and symbol.

Discover the profitability and potentially disruptive behaviors of your algorithmic flow with statistical insights and customizable reporting tailored to each client.

Works seamlessly with Validus Trade Surveillance and Risk Controls for a single platform to lower total cost of ownership (TCO) and to streamline workflows across all lines of defense.

Post-trade controls

Investment firms engaged in algorithmic trading have specific requirements, including real-time alerts to monitor for disorderly trading or behavior on a post-trade basis.

Market conduct

Includes monitoring for market abuse violations in algorithmic trading (e.g. pinging and flashing) and calibration to minimize false negatives and false positives.

Responsive technology

To comply, “real-time alerts shall be generated within five seconds after the relevant ‘event’” and firms must take quick action once an alert is generated.

Implementing Algo Monitoring for a tier-1 bank

Eventus partnered with a Tier-1 U.S. bank to address their specific challenges related to Algo Monitoring and regulatory compliance under RTS 6. This case study delves into the core aspects of the partnership, the challenges faced by the client, the solutions provided by Eventus, and the measurable outcomes achieved.

Parsing the FCA’s “Dear chief executive” letter

In August 2023 the Financial Conduct Authority, the UK market regulator, published… Read more

Implementing Algo Monitoring for a tier-1 bank

This case study delves into the core aspects of the partnership, the challenges faced by the… Read more

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