OneMarketData, LLC, a tick data management and analytics company, announced this Wednesday that prime brokerage Invast Global would use its OneTick Surveillance solution in order to ensure it is meeting its regulatory requirements.
The OneTick Surveillance solution, part of OneMarketData’s OneTick platform, provides users with a consolidated view of all activity being carried out. As a result, this allows trading firms such as Invast Global the ability to monitor all trades.
According to the statement, the multi-asset prime brokerage will use the OneTick Surveillance integrated web dashboard, which allows the company to review and examine surveillance alerts, as well as assigning, annotating and archiving them to meet its compliance obligations.
Commenting on the partnership, Nick Briscoe, Chief Operating Officer at Invast Global said: “Increasing regulatory scrutiny has put pressure on firms to ensure they have a solution in place that can analyze complexities in trading across multiple different asset classes.”
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“OneTick Surveillance has given us peace of mind and confidence that we are meeting the growing number of regulatory requirements across multiple global jurisdictions and market conditions.”
Through the surveillance solution, the Sydney and Hong Kong-based broker can configure its trade alert rules, allowing the company to effectively monitor customer activity. Furthermore, the solution comes with tools and user interface to manage, track and audit.
“Ensuring controls and surveillance procedures are in place has become more critical as trading requirements become more complex and OneTick Surveillance provides clients like Invast Global with a consolidated view of all activity being carried out,” added Ross Dubin, SVP and Global Head of Sales, OneMarketData.
“We look forward to developing our relationship with Invast Global into new geographies and supporting their compliance requirements across the board.”
Invast Global Heads to Hong Kong
Today’s announcement follows on from Invast Global opening up its new office in Hong Kong, as Finance Magnates reported exclusively. The new subsidiary, which has a core team of six people is part of the management’s plans to aggressively expand in the next 12 months and beyond.