Progress said the new release will provide compliance and market monitoring personnel with significant deeper insight into trade order flow and more control over investigations of abuse and operational incidents.
According to the Progress, the enhanced solution will enable trading venues and brokers to quickly modify real-time abuse detection scenarios, market monitoring scenarios and case management workflows to keep abreast of regulatory changes, such as those required by the Dodd-Frank Wall Street Reform and Consumer Protection Act in the US or the Markets in Financial Instruments Directive (MiFID) review in Europe.
The enhancements to the Progress Market Surveillance and Monitoring solution includes new analytics; scenario replay; visualization development and reporting layer.
With the solution, participants can quickly pinpoint threats and tailor responses regardless of source and without disruption to trading activity.
