Eventus and ANCORD have formed a partnership to provide ANCORD members with a trade surveillance solution.

Date – 07-Aug-2024

Eventus is introducing its Validus solution to Brazil in response to a regulatory action requiring brokers to take responsibility for monitoring their trade surveillance.

Eventus, a leading provider of comprehensive trade surveillance and financial risk solutions, has partnered with ANCORD, Brazil’s National Association of Securities, Foreign Exchange, and Commodities Brokers and Dealers, to offer its award-winning Validus platform to ANCORD members.

This partnership enables ANCORD members to swiftly implement the Validus trade surveillance solution, which can be tailored to meet their specific needs. The platform offers both ready-to-use solutions and advanced automation and functionality for more complex scenarios, all at an exclusive price for ANCORD members.

This initiative follows recent actions by BSM, the self-regulatory arm of Brazil’s stock exchange B3, which introduced stringent guidelines for monitoring market operations. These guidelines mandate that all brokerages in Brazil must implement and manage their own trade surveillance systems. BSM requires firms to independently monitor their trading activities to detect regulatory violations such as insider trading, wash trades, layering, spoofing, and front running. Validus provides clients with the flexibility to adapt quickly to regulatory changes and manage increasing volumes of data during periods of unusual market activity.

Eventus CEO Travis Schwab expressed his enthusiasm for the partnership, stating, “We’re honored to collaborate with ANCORD to extend the reach of Validus into Latin America and make it an essential tool for brokers in Brazil, just as it is for financial institutions across North America, Europe, the Middle East, Africa, and the Asia-Pacific region. Brazil has long prioritized investor protection and the prevention of unethical practices. Our Validus platform, proven in the most demanding trading environments globally, will help brokers in Brazil not only meet regulatory requirements but also enhance the efficiency of their compliance programs.”

With a nearly 100% client retention rate, Eventus serves a diverse range of clients, including Tier 1 banks, brokers, futures commission merchants (FCMs), proprietary trading firms, exchanges, buy-side institutions, energy and commodities trading firms, and regulators. Validus monitors multiple asset classes, including stocks, options, futures, foreign exchange (FX), fixed income, and digital assets.

Eventus has a dedicated team of financial markets and regulatory affairs experts who work closely with clients to address their unique compliance challenges. The company’s coverage extends beyond Brazilian markets to over 100 global markets and trading venues. With clients on six continents, Eventus has received more than 40 awards and honors for its Validus platform and services over the past six years.