Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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December 14, 2007

FSA Looks to Take a Bite Out of Crime

By Nina Mehta

The United Kingdom's securities industry regulator, the Financial Services Authority (FSA), will use Progress Software's Apama event processing platform to expand its fraud detection capabilities. FSA's new Surveillance and Automated Business Reporting Engine (Sabre II) is being built and managed by Detica, an IT services company, to perform two functions.

First, Sabre II will be used to monitor transactions reported to the FSA under the Markets in Financial Instruments Directive. Second, the FSA will use Sabre II to expand its effort to identify potential market abuse, including wash trades and insider trading. With Apama's software and analytical tools in hand, the regulator will be able to identify news leaks about impending takeovers, search for collusion between traders designed to generate trading volume in a stock, and so on.