OneTick Market Surveillance has been deployed by international brokerage Novum Securities for protection and monitoring as part of an auditable workflow. The service features pre-coded compliance rules, parameterized alert thresholds, email notification, alert monitors and visual dashboards and market data, all to ensure Novum Securities complies with regulations, including MAR, MiFID II, SEC, FINRA and IIROC trade surveillance regulation.The service is offered by OneMarketData, a leader in tick data management and analytics, whose Senior Vice President of Regulatory Solutions, Dermot Harriss, said: “As regulatory pressures build, surveillance procedures become more critical than ever. It’s imperative for clients such as Novum Securities to protect itself, and its customers from illegal trading behaviors. We look forward to working with Novum Securities and supporting its compliance across the board.”
OneTick Market Surveillance will notify Novum Securities of its selected alert types, through a consolidated dashboard view. This includes any market manipulation, such as layering and spoofing, quote stuffing, wash trading, marking the close, etc. Through cloud deployment, Novum Securities has gone live on OneTick Surveillance in just six weeks.
Sudirman Yusuf, Chief Financial Officer of Novum Securities, said: “We selected OneTick Surveillance to protect and monitor our trading activity, and to meet the growing number of regulatory requirements. We approached a few other providers and felt that the OneTick Surveillance system is more relevant and will greatly enhance our monitoring process.”
Novum helps growth companies to rapidly raise money for IPOs, expansion and acquisition capital, having raised over £100m in the past three years. The firm supports the investment directly, manages the whole process and maintains an orderly and liquid market in placed stock. The broker is a member of the LSE, with a roster of ultra-high net worth clients, and full execution services.
OneMarketData has built OneTick, an advanced platform for real-time and historical tick data, and an extensive analytics library for quant research, market surveillance, transaction cost analysis (TCA), trading and risk management. OneTick analytics is hosted by ICE Data Services since 2018 and powered for customers with the ICE Consolidated Feed, offering a cost-effective, on-demand data platform, integrated with low-latency access to normalized information from global markets.
In 2019, OneMarketData signed an exclusive partnership with Beaxy Digital, a crypto trading platform with over 60,000 pre-registered users and currently live to customers in 43 U.S. states and 185 countries. OneMarketData powers Beaxy’s nine order types as the crypto platform aims to onboard traditional traders, retail and institutional investors.
