Kx FOR SURVEILLANCE
Kx for Surveillance solutions enable first and second lines of defense in financial institutions to monitor trading activity to instantly detect behavioral changes and known violations like layering, spoofing or marking the close. However, as market regulation has increased in recent years so has the need for a more holistic approach to surveillance, one that also includes alerting, investigating and reporting on transactions, emails, instant messaging and voice communications.
Kx offers solutions for both transactional and eComms surveillance that can be deployed separately or in combination on the same paltform.
The advantages of amalgamating transactional and eComms data in a single unified platform include the ability to investigate and interrogate all sets of data in one place, greatly enhancing the detection and investigation of unauthorized trading activity. By removing the need for separate interfaces, alert management, infrastructure, technology stacks and support teams, Kx for Surveillance brings all your data together and is built on a platform that is fully enabled for evolving Machine Learning initiatives.
MARKET ABUSE REGULATIONMiFID II has raised the regulatory bar higher than ever. More Investment Firms than ever are facing regulatory requirements with significant penalties for non-compliance.
We are delighted to be working with Euronext, offering their MAR technology solution, powered by Kx.
MULTI ASSET & MULTI MARKETThe Kx platform captures and consolidates all trading data (rates, trades, orders, news) for FX, credit, rates, commodities, equities and listed derivatives. Built on technology chosen by top global banks for their high frequency trading systems, Kx for Surveillance was designed in collaboration with market participants to give analysts and business users a comprehensive view of relevant market activity.
BACKTESTING & MARKET REPLAYRegulators and bank compliance departments are dealing with ever increasing volumes of complex trading data which makes identifying anomalies difficult. With Kx it is possible to backtest many years of trading data to efficiently calibrate scenarios and identify irregular behavior, minimizing false positives.
View Order Book Replay
FLEXIBLE ALERTSThe CEP engine within Kx for Surveillance enables instant detection of trends or patterns that may indicate market abuse, erroneous trading or malfunctioning algorithms. Flexible configuration of alert parameters and thresholds enables more accurate detection rates and comprehensive, easy-to-use market replay functionality further improves the efficiency of investigations. Some customers have reported the time taken to analyze potential breaches being reduced from months to minutes.
MACHINE LEARNING AND ECOMMS SURVEILLANCEMachine Learning techniques are changing the surveillance methodology from being lag-indicator driven to lead-indicator driven where, like cyber security, the focus is detection of intent and threat avoidance rather than after-the-event conviction when the financial and reputational damage has already been done. Machine Learning techniques like Natural Language Processing (NLP) can also be used in the investigation phases to parse documents, texts and other communications to uncover suspicious activity and assist in the prosecution phase by providing corroborating evidence.
Click on the link below to read how Kx uses Machine Learning in its eComms surveillance solution
The basis for Kx Technology is a unique integrated platform which includes a high-performance historical time-series columnar database called kdb+, an in-memory compute engine, and a real-time streaming processor all unified with an expressive query and programming language called q.
Designed from the start for extreme scale, and running on industry standard servers, the kdb+ database has been proven to solve complex problems faster than any of its competitors.LEARN MORE