Abel Noser Solutions has launched a trade surveillance product for compliance officers of broker-dealers, investment advisers and exchanges.
The product comes on the heels of a limited pre-release to select clients.
Compliance+ is a proprietary software solution that enables companies to identify and assess daily potential trade irregularities such as spoofing and layering, potential insider trading, and high cost trades. The platform provides an easy-to-navigate and graphically attractive front-end to quickly review compliance alerts.
According to company executives, the tool's functions include drill-down features available in graphical form to view orders and individual fills, and the ability to share reviews and automatically store all notations. With dozens of different measures and a variety of reports, Compliance+ is meant to be useful to both buy-side and sell-side clients. The company's support team is available to work one-on-one with users, offering bespoke solutions, data clarification and basic trouble-shooting.
"Our regulatory and surveillance reporting abilities are unique," says Ted Morgan (pictured), the CEO of parent company Abel Noser Holdings. "This new tool offers greater synergistic analysis of the trade lifecycle, from placement through to order completion. Plus, the reporting can be customised to match your specific workflow."
Peter Weiler, president of Abel Noser Solutions, says: "In this hyper-sensitive regulatory climate, Compliance+ offers peace of mind each day by protecting clients and their firms from unwelcome reputational and operational risk by carefully monitoring and memorialising all trading activity in a systematic fashion."
