The product, hosted in the NYSE Technologies US Liquidity Center in Mahwah, is designed to offer fully automated surveillance and compliance capabilities across asset classes.
The new product will provide real-time performance with a complete audit trail and will help firms collect and analyze trading patterns, detect and identify potential trading issues, and monitor trading patterns in real-time.
The company said the product provides post-trade monitoring capabilities alongside a fully automated workflow that tracks trading patterns in real-time with detailed compliance and regulatory reporting.
NYSE Technologies vice president Dan Romanelli said that the Trade Exception Radar is a key piece of their full risk protection suite, which covers all aspects of trading controls from pre-trade to at-trade, and now to post-trade.
"This ultra-low latency trading tool simplifies the compliance, surveillance, and reporting process by allowing firms to manage all these different components in one fully integrated product," added Romanelli.
