Eventus’s trade surveillance solution Validus is now available to members of Brazil’s National Association of Securities, Foreign Exchange and Commodities Brokers and Dealers (ANCORD).
Validus can be adapted to user needs, and provides ready-to-use solutions alongside automation and functionality capabilities to handle more complex use cases. Clients are able to handle increased data volumes during unusual market activity and amend practices in the face of regulatory changes, the firm added.
The partnership follows strict market operations monitoring guidelines introduced by BSM, the Brazilian stock exchange B3’s self-regulatory arm, earlier this year. Brokerages in the country are now required to implement and manage their own trade surveillance systems, independently monitoring trading activity to identify regulatory infractions.
Commenting on the announcement, Travis Schwab, CEO of Eventus, said: “We’re honored to work with ANCORD to extend the reach of Validus into Latin America.
“Brazil has long been focused on protecting investors and ensuring that firms prevent, detect and root out bad behavior. Our Validus platform is proven in many of the most demanding trading environments globally, and brokers in Brazil can now tap into our expertise and high-performance technology to not only meet regulatory requirements but bring significant efficiencies to their compliance programs.”
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