OneTick Market Surveillance service includes pre-coded compliance rules, parameterized alert thresholds, email notification, alert monitors and visual dashboards and market data.
OneTick Market Surveillance will help Novum Securities comply with regulations, including MAR, MIFID II, SEC, FINRA and IIROC trade surveillance regulation. OneTick Market Surveillance will notify Novum Securities of its selected alert types, through a consolidated dashboard view. This includes any market manipulation, such as layering and spoofing, quote stuffing, wash trading, marking the close, etc. Through cloud deployment, Novum Securities has gone live on OneTick Surveillance in just six weeks.
“We selected OneTick Surveillance to protect and monitor our trading activity, and to meet the growing number of regulatory requirements. We approached a few other providers and felt that the OneTick Surveillance system is more relevant and will greatly enhance our monitoring process,” said Sudirman Yusuf, Chief Financial Officer of Novum Securities.
“As regulatory pressures build, surveillance procedures become more critical than ever. It’s imperative for clients such as Novum Securities to protect itself, and its customers from illegal trading behaviors,” said Dermot Harriss, Senior Vice President of Regulatory Solutions at OneMarketData. “We look forward to working with Novum Securities and supporting its compliance across the board.”