SageTrader, LLC, a San Francisco and New York-based broker-dealer has chosen Eventus Systems for equities market surveillance, having deployed the cloud version of the Validus platform for trade surveillance.
Leveraging the Validus approach to trade surveillance combining both machine-learning (ML) and procedural technologies to detect potential manipulative behavior and insider trading, SageTrader will benefit from the package’s reduced instances of false positives and increased analysis of valid alerts developed by the leading global trade surveillance and market risk platform provider.
Dan Weingarten, Chief Executive Officer at SageTrader, 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.”