Eventus has partnered with ANCORD, Brazil’s National Association of Securities, Foreign Exchange and Commodities Brokers and Dealers.
Through this partnership, the provider of comprehensive, at-scale trade surveillance and financial risk solutions will make its Validus platform available to members of ANCORD.
Brazil’s BSM ordered brokers to set up trade surveillance system
The move follows actions taken earlier this year by BSM, the self-regulatory arm of the Brazilian stock exchange B3, to impose strict market operations monitoring guidelines, requiring all brokerages in Brazil to implement and manage their own trade surveillance system.
The BSM has required firms to independently monitor their own trading activity to detect regulatory infractions such as insider trading, wash trades, layering, spoofing, front running and more.
In addition, Validus enables clients to adapt quickly to regulatory changes as they occur and to increasing volumes of data at times of unusual market activity.
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Eventus Validus for Brazil’s securities, FX, commodities brokers
ANCORD members – which include securities brokers, FX brokers, and commodities brokers – will be able to quickly implement Validus as their trade surveillance solution and benefit from the ability to adapt Validus to their needs, with ready-to-use solutions as well as extensive automation and functionality for more complex use cases.
According to Eventus, the pricing for ANCORD members is an exclusive offering.
Travis Schwab, Chief Executive Officer at Eventus, said: “We’re honored to work with ANCORD to extend the reach of Validus into Latin America and make the platform an essential tool for brokers in Brazil as it is for financial institutions throughout North America, Europe, the Middle East and Africa, and the Asia-Pacific region.
“Brazil has long been focused on protecting investors and ensuring that firms prevent, detect and root out bad behavior. Our Validus platform is proven in many of the most demanding trading environments globally, and brokers in Brazil can now tap into our expertise and high-performance technology to not only meet regulatory requirements but bring significant efficiencies to their compliance programs.”
Validus monitors stocks, options, futures, FX, fixed income, and crypto
With a client retention rate of close to 100%, Eventus has a wide range of clients, including Tier 1 banks, brokers, futures commission merchants (FCMs), proprietary trading firms, exchanges and other market venues, buy-side institutions, energy and commodities trading firms and regulators.
Validus monitors stocks, options, futures, foreign exchange (FX), fixed income and digital assets.
Eventus has a large team of financial markets and regulatory affairs professionals who work closely with clients to solve their unique compliance challenges.
The company offers coverage not only of the Brazilian markets, but of more than 100 other global markets and trading venues. With clients on six continents, Eventus has won more than 40 awards and honors worldwide over the past six years for its Validus platform and service.
