Read how a leading global bank overcame compliance challenges by leveraging our comprehensive trade surveillance solution. By harnessing the power of our data, the bank significantly enhanced its ability to detect anomalies, mitigate risks, and ensure regulatory adherence.
The Challenge
Our client, one of the UK’s largest banks, needed a robust data solution to streamline their surveillance function. Following a major regulatory fine in the industry, their aim was to proactively address compliance risks and ensure future regulatory adherence.
The Need
The compliance team required comprehensive data solutions for:
• Order Surveillance: Monitoring all activities across TP ICAP venues globally.
• Data Granularity: Detailed end-of-day trade and order recap files needed for in-depth analysis.
• Historical Context: Access to historical data spanning five years (2019-2024) for a comprehensive view of trading patterns.
Our Solution
Through in-depth discovery, we identified the client’s need for a holistic data solution encompassing:
• Global Coverage: Seamless data capture of all the client’s activities with TP ICAP venues across the globe.
• Platform Agnostic: Data collection across all the client’s trading platforms, regardless of region, ensuring a unified view.
• Historical Backfill: Access to five years of historical data, empowering comprehensive trend analysis and risk identification.
The Value
Our solution offered significant benefits to the client:
• Enhanced Trade Surveillance: Comprehensive data empowered them to effectively monitor all trading activities, identifying potential compliance issues proactively.
• Reduced Risk of Regulatory Fines: Improved data-driven surveillance practices minimized the likelihood of regulatory action and associated financial penalties.
• Increased Operational Efficiency: Streamlined data collection and analysis processes fostered greater efficiency within the compliance team.
The Impact
The bank successfully implemented our data solutions, achieving:
• Improved Order Surveillance: Enhanced data-driven capabilities enabled comprehensive monitoring of TP ICAP trading activities.
• Mitigated Regulatory Risk: Proactive compliance measures significantly reduced the risk of future regulatory fines.
• Streamlined Operations: The bank’s compliance team benefitted from a more efficient workflow facilitated by our solution.
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