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Surveillance without a closing bell.
A question for anyone responsible for market abuse surveillance. If your firm extends trading hours and alert volumes do not move, what would you conclude? In March, the FCA fined a firm whose trade volumes rose 45% after a new platform went live, while alerts fell 42%. Four months of trading reached no automated surveillance. There was no change control process to flag market abuse risk when the business changed. Now look at where this is heading. US central clearing went
Aug 20
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