Group Co.
Clear the Hurdles of Trade Compliance and Surveillance
Traders Magazine Online News, July 5, 2018
In our previous two blog posts, Make Surveillance Smarter and Eliminate Blind Spots With TT Score and Supercharge Your Spoofing Surveillance with TT Score , we described how TT Score utilizes advanced machine learning technology to detect and score complex patterns of manipulative and disruptive trading activity, including but not limited to spoofing, layering, flipping, vacuuming and momentum ignition.
In this post, we will discuss the next phase of TT Score’s evolution, which is the integration of
TT Score with the TT platform.
Why is this a big deal? The newly integrated TT Score is another way that we can help our
customers reduce costs and create efficiencies while making compliance surveillance
capabilities easily available to the masses.
The implementation of a traditional rules-based surveillance system could take several months
or even a year. Depending on the vendor involved, this process might include procuring a
server, coding numerous extract, translate and load (ETL) programs for unique audit log
formats, and tuning and then testing hundreds of parameter settings for effective alert
generation.
Some firms incur additional costs during this process by hiring consultants to help them
navigate the complex maze of implementation, while others tie up their own internal resources
instead of having them focus on important revenue-generating projects.
Now that TT Score is integrated with the TT platform, we have simplified the implementation
process and successfully removed the resource-draining hurdles that are typically associated
with implementing compliance software. All order activity for all users of the TT platform is
already captured and stored indefinitely. If a company enables TT Score through the Setup
interface, compliance officers can immediately use TT Score to monitor and evaluate order
activity for all of their traders, and individual users can monitor their own activity.
Furthermore, TT Score is not limited to the surveillance of users on the TT platform. Companies
can surveil users of X_TRADER®, third-party vendors and proprietary systems all at once. With
FIX Drop Copy, order activity from any platform can be pulled into the TT platform where it is
also stored indefinitely and can be exported into .csv files on demand by the user.
Because the implementation process for TT Score is so efficient, it makes our software
accessible to every type of participant in the financial industry, from the largest global bank
supervising hundreds of accounts, down to an individual trader, which has never been done
before. We're democratizing compliance, and providing traders with unique benefits that they've
never previously had.
TT Score's advanced machine learning analytics and state-of-the-art visuals provide an easily
understandable and accurate picture of a firm or individual trader's regulatory risk. This
risk-based approach allows compliance officers, risk managers, and individual traders to quickly
identify risk, so that they can the be proactive and make the necessary adjustments before the
activity results in a regulatory investigation.
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