LSEG has launched Trade Surveillance – a cost-saving solution designed to assist in identifying and investigating potential market abuse and financial crime.
Liam Smith
The offering is Mifid and FX-focused and leverage’s LSEG’s own data proprietary surveillance technology – currently processing billions of trade and order messages across its venues daily.
Specifically, Trade Surveillance provides clients with alerts on their private trade data, alongside contextual public market data, reference data and news to facilitate cross-venue alerts that are “designed to help reduce false positives, as well as behavioural anomaly detection capabilities that provide deeper insights into trading behaviour,” explained LSEG.
Trade Surveillance for FX serves spot FX participants on the LSEG FX Dealing, Advanced Dealing, and Matching platform. It also benefits those who trade on third-party venues captured by the LSEG Trade Notification network.
The offering allows clients to view their private trade data against the public spot matching orderbook.
Bart Joris, head of FX sell-side trading, LSEG, said: “In a fragmented FX market, context is vital to help assess and manage regulatory risk. Trade Surveillance for FX brings together trusted data as well as activity across LSEG FX platforms and third-party venues, enabling participants to better analyse trading behaviour and make insight-based decisions efficiently.”
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Additionally, Trade Surveillance for Mifid is a multi-market, multi-asset solution aimed at participants who trade Mifid instruments and delivers cross-venue, cross-product alerting, enabled by LSEG’s consolidated European orderbook.
According to the trading venue, the service uses the same datasets as UK and EU regulators for market abuse detection.
Liam Smith, chief operating officer, LSE and Digital & Securities Markets, LSEG, explained: “By leveraging LSEG’s proprietary technology and robust data, Trade Surveillance enables firms to strengthen compliance, reduce operational risk, and gain actionable insights into trading behaviour.”