LSEG has introduced a new Trade Surveillance platform that aims to help financial institutions tackle market abuse and financial crime with greater precision and lower cost at a time of fast-changing trading behaviors and regulatory scrutiny.

The launch targets firms that need to replace rigid legacy tools with more flexible, data-rich surveillance that can keep pace with fragmented liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and complex cross-venue activity.

By focusing first on MiFID instruments and FX markets, LSEG positions the new service at the center of Europe’s core regulatory and trading workflows.

LSEG’s New Surveillance Offering

LSEG’s Trade Surveillance combines clients’ private trade data with public market data, reference data and news to generate cross-venue alerts that aim to reduce false positives and highlight meaningful behavioral anomalies.

The initial rollout includes two live solutions: one focused on MiFID-reportable instruments and another on FX trading across LSEG and connected third-party venues.

According to the exchange, the design responds to growing pressure on firms to identify market abuse and financial crime in more sophisticated ways, as regulators intensify their expectations around monitoring quality and evidencing of controls.

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Traditional tools can struggle with fragmented data and complex cross-market strategies, which in turn can drive high volumes of false alerts and strain compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term teams.

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Trade Surveillance for MiFID offers a multi-market, multi-asset surveillance solution for participants that trade MiFID instruments across Europe. It uses the same datasets that UK and EU regulators rely on for detecting market abuse, which gives firms the ability to align internal surveillance more closely with supervisory perspectives.

Trade Surveillance for MiFID

The service draws on LSEG’s consolidated European orderbook, which incorporates data from more than 40 UK and EU trading venues and Approved Publication Arrangements, to support cross-venue and cross-product alert generation.

For clients already using LSEG’s Regulatory Reporting Solutions Approved Reporting Mechanism, the MiFID product operates on a plug-and-play basis, removing the need for additional technical build or data integrity work.

The FX component of Trade Surveillance focuses on spot FX activity and serves participants on LSEG’s FX Dealing, Advanced Dealing and Matching platforms, as well as those trading on third-party venues that feed into LSEG’s Trade Notification network.