The UK Financial Conduct Authority (FCA) has selected OneTick Surveillance to deliver its market surveillance system.
The cloud-based service will provide the regulator with new tools to detect and investigate market anomalies, and help to protect the integrity and orderly functioning of financial markets in the UK.
The delivered service detects potential cases of insider dealing, market manipulation and market disruption in real time.
The service will also help the FCA's Market Oversight team supervise the suspicious transaction and order reporting (STOR) regime.
The cloud-based offering includes analytical modelling tools as well as global history across equities and futures markets and reference data.
Current OneTick Surveillance customers include asset managers small and large, retail brokers, banks, market operators and regulators.
Dermot Harriss, senior vice president of regulatory solutions at OneMarketData, says: “We’re very proud to provide the FCA with a surveillance solution. The service we’ve built for them is secure, programmable, will dynamically scale to meet increasing market volumes and will allow the FCA to adapt to new risks to the integrity of our financial markets.”
