Dinosaur Merchant Bank Limited Opts for Ancoa Surveillance to Meet MAR

Dinosaur Merchant Bank Limited Opts for Ancoa Surveillance to Meet MAR
22.11.2016 08:30 am

Dinosaur Merchant Bank Limited Opts for Ancoa Surveillance to Meet MAR


Ancoa, provider of contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms, today announced that Dinosaur Merchant Bank Limited has deployed Ancoa’s surveillance platform to monitor their equity trading activity for instances of market abuse and to meet their obligations under MAR (Market Abuse Regulation). Dinosaur Merchant Bank Limited combines global investment banking and advisory services, a full-service institutional brokerage and investment advisor services.

The rollout of MAR in July 2016 requires financial institutions to monitor trading activity for instances of market abuse. In line with MAR and for the first time, market surveillance platforms chosen by market participants must capture orders (including those that do not proceed to execution) as the existing obligation to report Suspicious Transactions (STRs) has been extended to include Suspicious Transaction and Order Reports (STOR).

Dinosaur Merchant Bank Limited has selected Ancoa’s surveillance platform to enable automated monitoring of all their equity trading activity in line with MAR.  Ancoa takes an alternative approach to market surveillance overlaying multiple different data sources to deliver a contextual view enabling firm's to spot market abuse or potential market manipulation and reduce false positives as well as blind spots.  Ancoa's contextual approach reconciles siloed data sets, from trading data to electronic communications, financial news and social media channels in order to construct a comprehensive picture of trading activity.  Ancoa can be deployed across all asset classes in all jurisdictions.  Only by having this contextual view, can Dinosaur Merchant Bank Limited investigate suspicious transactions or orders, and report them to regulators.  

Philip Green, Sales Trader, Dinosaur Merchant Bank Limited, said: “We carried out a thorough review of surveillance capabilities in the marketplace and chose to partner with Ancoa because their platform offers a more complete solution not only for our current but also our future needs.  Furthermore, we found the platform easy to use both in the front office and by our compliance teams, ensuring we have one platform upon which to track and report any potential instances of market abuse as appropriate.”  

Stefan Hendrickx, Founder and Executive Director,  Ancoa, added: “We are delighted to provide our surveillance capabilities to Dinosaur Merchant Bank Limited and help them achieve MAR compliance. Our teams collaborated throughout the process to ensure that monitoring parameters and alerts were systematically reviewed and calibrated in line with Dinosaur Merchant Bank Limited’s surveillance requirements under MAR.  We look forward to developing our relationship with both the business and compliance teams in the future.”

Related News

EQ launches new automated complaints product for the financial services industry

EQ (Equiniti), the international technology-led services and payments specialist, is delighted to announce that it is launching a new automated complaints... Read more »

iProov to provide biometric technology to challenger bank Knab, part of AEGON

Today, iProov is proud to announce that its technology is to be deployed by Dutch challenger bank Knab, to provide an effortless online biometric experience to its nearly 500,... Read more »

Wolters Kluwer Finance, Risk & Reporting triumphs in Risk magazine awards for third consecutive year

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won ... Read more »

SteelEye and UnaVista Partner to Support Market Following CME Announcement

SteelEye, the compliance technology and data analytics firm, and UnaVista, the regulatory reporting platform from London Stock Exchange Group... Read more »

FSS Enhances Secure3D to Prepare Issuers for PSD2 SCA Compliance

FSS (Financial Software and Systems), a global digital payment and financial technology company, announced today that its FSS Secure3D is compliant with... Read more »

ClauseMatch Expands Compliance Workflow and Collaboration Platform with a Launch in the US

ClauseMatch has announced today the launch of its US office in New York. The opening comes in response to demand from US companies and international clients operating in the US... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel