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SageTrader Turns to Eventus Systems for Equities Trade Surveillance

SageTrader Turns to Eventus Systems for Equities Trade Surveillance

Cloud Version of Validus Platform Offers Single Dashboard to Monitor All Surveillance Metrics


AUSTIN, Texas / NEW YORK, April 4, 2019 – Eventus Systems, Inc., a leading global trade surveillance and market risk platform provider, announced that SageTrader, LLC, a San Francisco and New York based broker dealer, turned to Eventus for equities market surveillance. Announced today during the 83rd annual conference of the Security Traders Association of New York, SageTrader has deployed the cloud version of the Validus platform for trade surveillance.

SageTrader is leveraging the Validus approach to trade surveillance combining both machine-learning (ML) and procedural technologies to detect potential manipulative behavior and insider trading.  Validus is the only trade surveillance solution that offers both the ML and procedural approach in one seamless package, resulting in reduced instances of false positives and increased analysis of valid alerts.

Eventus CEO Travis Schwab said: “We’re very proud to work with SageTrader to meet the firm’s equity trade surveillance needs. This is a great example of how our machine-learning capabilities provide a real value-added service to a client.”

Dan Weingarten, SageTrader CEO, said: “Since our implementation of the system in the fourth quarter of 2018, we have been particularly pleased with the Validus system and the entire Eventus team. Eventus offered many out-of-the-box integrations that allowed us to quickly deploy the system into our infrastructure and start processing and analyzing our trade data. We’re committed to having a robust surveillance infrastructure while giving our compliance staff a great tool for one of their most critical functions.”


About Eventus Systems

Eventus Systems, Inc. offers one of the leading global trade surveillance and market risk platforms.  Available as a cloud-based or real-time enterprise on-premise solution, the Validus platform provides sophisticated market surveillance and financial risk capabilities, enabling clients to solve some of the most pressing regulatory challenges. Validus combines multiple technology stacks including artificial intelligence (AI) to generate the most actionable alerts across equities, equity options, futures, foreign exchange (FX), fixed income and cryptocurrencies.  Clients include Tier 1 banks, brokerages and futures commission merchants (FCMs), proprietary trading firms, exchanges, corporates and buy-side firms. Headquartered in Austin and serving clients globally, Eventus was one of just 27 U.S. companies named to the global RegTech 100 List for 2019, recognizing the pioneering companies transforming compliance, risk management and cybersecurity. 

About SageTrader

SageTrader, LLC was formed in 2012 and is the operating subsidiary of Sage Brokerage Holdings, LLC. Sage Brokerage Holdings was founded by Douglas Engmann, a 40-year pioneer in the trading and clearing industry. SageTrader is an introducing broker dealer that provides execution and brokerage services to professional traders, including proprietary trading firms, emerging hedge funds and broker dealers. SageTrader strives to exceed client expectations by helping them more efficiently run and operate their trading business. SageTrader is a member of FINRA, SIPC and the NFA. For additional information, visit the website at www.SageTrader.com.