Crypto Market Surveillance And Risk Management Solution Launched By Modulusbr>
Trading and surveillance technology provider Modulus has announced a new market surveillance and risk management solution targeted at abuse within crypto markets.
Lauched in 1997, Modulus provides advanced financial technology (FinTech) products and services to professional traders, brokerages, trading firms, exchanges, and educational, governmental, and non-profit institutions throughout 94 countries. Its clients include the NASDAQ Stock Market, JP Morgan Chase, Bank of America, Credit Suisse, Barclays Capital, Goldman Sachs, Merrill Lynch, Fidelity, TD Ameritrade, Devon Energy, IBM, Microsoft, Yahoo, and Google, among others.
The company’s new product, Modulus Market Surveillance & Risk Management Solution, combines a cutting-edge surveillance platform with a risk management system, allowing exchanges to self-monitor and react in real-time, without a slowdown. The solution is using deep insights to guard against malfeasance within markets and between market participants. It provides trade surveillance and pre-trade, at-trade, and on-trade risk management, along with customizable alerts and reports identifying market manipulation, abusive trading behavior, and money laundering.
“The biggest risks in crypto stem from bad actors,” said Modulus CEO Richard Gardner. “If the crypto-community wants to weather the coming regulatory storm, they are going to have to put resources into self-policing. In the old days, surveillance and risk management were separate functions. But that doesn’t make sense. Why bother measuring dangerous behavior when you can’t stop it? Now, you can. Our solution employs an ultra-low 40-nanosecond latency — that’s 40 billionths of a second — and utilizes machine learning to outperform anything on the market.”
The new solution’s analytics claims to meet the European Securities and Markets Authority’s Markets in Financial Instruments Directive (MiFID II) and other post-trade reporting obligations. It also conforms to the EU Market Abuse Regulation (MAR), US Dodd-Frank SEC regulation, and other international regulatory frameworks.
“Make no mistake, regulation is coming,” Gardner said. “You can wait until it arrives, or you can prepare now and stay ahead of the eight ball. The Modulus solution ensures you’re adhering to regulatory guidelines and the rules that govern trading conduct.”