NetEconomy’s Market Surveillance Manager

The Market Surveillance Manager solution provides integrated capabilities to help financial institutions prevent market abuse, minimize trading risk and ensure trading and broker compliance:

• Market Surveillance Manager for MiFID – Helps financial firms to minimize trading risk and improve transparencies and automate procedures to address the challenges presented by MiFID related to client classification, best execution, and regulatory reporting.

• Market Surveillance Manager for the EU Market Abuse Directive – Ensures compliance with the EU Market Abuse Directive (MAD) by preventing market manipulation and abusive trading practices such as false/misleading transactions (wash trades, painting the tape), price positioning (marking the close, abusive squeeze), and fictitious devices/deception (concealing ownership, pump and dump, trash and cash).

• Market Surveillance Manager for Regulation NMS – Provides surveillance and reporting to addresses the US Securities and Exchange Commission’s stock trading rules for best execution and suitability compliance.

NetEconomy’s ERASE Market Surveillance Manager can operate with separate capabilities (for MiFID, MAD or Regulation NMS) or be integrated together for a comprehensive solution that provides a holistic view of trade behavior, market abuse and client risk.

The Market Surveillance Manager has the following key benefits:

• Significant costs savings with automation – reduces costs and improves the overall operational efficiency by automating time consuming manual processes;

• Reduced compliance costs – implements a management by exception approach: standard trade approvals are issued automatically and only exception cases require personal attention from compliance officers, reducing costs of expensive manual processing;

• Transaction checks – deals are checked near real-time on a post-trade basis, assuring that no illegal or unwanted transactions pass unnoticed;

• Safe trading for employees and clients – users can trade safely, eliminating the possibility of legal consequences for insider trading;

• Reputational damage safeguards – prevents employee insider trading and the resulting regulatory and legal consequences;

• Automatic audit trail – captures all deals and deal requests in chronological order allowing users to reconstruct any situation in the past;

• Regulatory compliance management – helps companies achieve compliance with Regulation NMS, the EU Market Abuse Directive and MiFID;

• Full integration – contains all features of NetEconomy, including transaction monitoring, alert generation, workflow, case management and reporting.