SteelEye, a compliance technology and data analytics firm, has launched a new Order Book Replay service, which is designed to facilitate more precise and rigorous market abuse surveillance.

The tool enables organisations to playback a trading session and more thoroughly analyse market movements, allowing compliance teams to play, pause, rewind, fast forward, slow down and speed up order book activity to gain a full understanding of what has taken place – visually showcasing the overall balance of the book against market price levels and spreads. 

The solution also highlights where trading activity might be indicative of market abuse behaviours like spoofing and layering.

The solution is fully incorporated and has gone live for a range of clients.