Market surveillance: the devil is in the detail

Nigel Farmer of Software AG describes the main considerations

Risk magnifying glass

Detecting threats in capital markets in time to prevent damage to a bank or an institution requires a rare combination of qualities. Among them are speed in handling vast amounts of data, the ability to instantly pick up changes in trading behaviour, and complete agnosticism when it comes to sources and types of information.

Every institution now has surveillance technology of some description. Yet a long list of costly rate-fixing conspiracies, regulatory infringements and rogue-trader

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