ION’s Fidessa Surveillance named Best Solution for Records Retention at RegTech Insight Europe Awards

  • RegTech
  • 19.05.2023 10:40 am

ION, a global leader in mission-critical trading and workflow automation software, high-value analytics, ad strategic consulting, announces that its Fidessa Surveillance solution has won Best Solution for Records Retention at the RegTech Insight Europe Awards. 

Hosted by A-Team Group, the RegTech Insight Europe Awards recognize RegTech solutions that improve firms’ ability to respond effectively to the evolving and ever more complex regulatory requirements across the global financial services industry. Fidessa Surveillance, developed by LIST – an ION company – is a multi-asset solution for record-keeping, to which market surveillance, regulatory reporting, and business analytics can be added. The solution’s rich functionality earned it the top honours.

Given the effects of globalization and resulting similarities in regulation worldwide, trading systems must manage high-frequency market data; extend record-keeping components to deal with all trading activity; and process legal entities’ and personal data. With over 35 years’ experience in providing trading and compliance solutions and industry knowledge, LIST developed Fidessa Surveillance as a single, unique, and normalized data model that addresses the markets’ evolving regulatory demands.

By design, Fidessa Surveillance is a robust, reliable, and flexible buy-and-sell-side solution, prioritizing data quality enforcement during collection, data validation, easy integration, and correlation across multiple sources. The solution offers accurate reporting and comprehensive detection of abusive behaviour. And it navigates all major regulatory landscapes and complies with European surveillance regulations, meeting the obligations embodied in MAD/MR, Canada, Hong Kong, India, Indonesia, Singapore, and the USA.

“Naming Fidessa Surveillance as the Best Solution for Records Retention reflects ION’s commitment to delivering innovative solutions to meet our customers’ evolving needs,” said Robert Cioffi, Global Head of Equities Product Management, ION Markets. “We are proud that the LIST--developed solution can cope with the unprecedented growth in new trading regulations over the past few years.”

“We are thrilled that Fidessa Surveillance has been honoured for its exceptional record retention,” said Mirko Marcadella, Chief Product and Marketing Officer. “The solution can process large amounts of data and offers a workflow management system with built-in connectivity for reporting entities and National Competent Authorities.”

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