Eventus has partnered with ANCORD, aiming to make Eventus' Validus platform available to members of ANCORD.
The company says this partnership will allow ANCORD members to quickly implement Validus as their trade surveillance solution and benefit from the ability to adapt Validus to their needs, with ready-to-use solutions as well as extensive automation and functionality for more complex use cases - all at a price that is exclusive to them.
Travis Schwab, CEO of Eventus, says: “We’re honoured to work with ANCORD to extend the reach of Validus into Latin America and make the platform an essential tool for brokers in Brazil as it is for financial institutions throughout North America, Europe, the Middle East and Africa, and the Asia Pacific region.
"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 programmes.”
The move follows actions taken earlier this year by BSM, the self-regulatory arm of the Brazilian stock exchange B3, to impose strict market operations monitoring guidelines, requiring all brokerages in Brazil to implement and manage their own trade surveillance system.
