The Financial Conduct Authority (FCA) has selected OneTick Surveillance from OneMarketData to deliver its core market surveillance and visualization system.
The cloud-based service will provide the regulator with new tools to detect and investigate market anomalies, and help to protect the integrity and orderly functioning of financial markets in the United Kingdom.
The FCA selected OneTick Surveillance in a competitive tender process involving 15 providers.
The delivered service detects potential cases of insider dealing, market manipulation, and monitors for market disruption in real time.
The service will also help the FCA’s Market Oversight team supervise the suspicious transaction and order reporting (STOR) regime.
“We’re very proud to provide the FCA with a surveillance solution,” said Dermot Harriss, Senior Vice President of Regulatory Solutions at OneMarketData.
“The service we’ve built for them is secure, programmable, will dynamically scale to meet increasing market volumes, and will allow the FCA to adapt to new risks to the integrity of our financial markets.”
Created to be a modern, easy-to-use, cost-effective surveillance solution for small firms, OneTick Surveillance now provides a cross-asset, multi-regime solution for market participants of all sizes.
Current customers include asset managers small and large, retail brokers, FCMs, banks, market makers, market operators, and regulators.
The system gives users confidence they’ll meet their regulatory obligations even in periods of high volatility.
It offers the scalability, reliability, simplicity, support, user customization, and ease of use that firms need, all in a cost-effective package.
The cloud-based offering includes global equities, options, futures, and FX market data. It allows users to triage alerts in browser-based dashboards and design custom compliance workflows.
