Fidessa group has unveiled a new market abuse monitoring service for its European sell-side clients. Fidessa’s Market Abuse Monitor delivers fully automated surveillance and detection capabilities that flag behavior likely to give rise to suspicions of insider dealing and market manipulation.
The existing Market Abuse Directive (MAD), introduced in 2003, compels firms to notify their national regulator of any reasonable suspicions in these areas. Fidessa’s new monitoring service enables firms to get ahead of these regulations.
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