ION, a global provider of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that LookOut has won the Risk Technology Awards 2023 Trade Surveillance Product of the Year. Created by LIST, an ION company, LookOut is a multi-compliance solution for trade and market surveillance, regulatory reporting, and business analytics designed for investment firms (buy-side and sell-side) and trading venues.

The Risk Technology Awards recognize outstanding software solutions in the credit, operational, and enterprise-wide risk management sectors that help the industry overcome various challenges. To address the growing complexities, volumes, and extreme events affecting financial markets, the LookOut team continuously upgrades the solution to match evolving regulations. This ensures that compliance teams have the data and features required to refine their analysis.

LookOut adheres to trading regulations across Europe, the US, and the APAC region. It is enhanced by machine learning (ML) and artificial intelligence (AI), which allow compliance teams to triage alerts efficiently and accurately, and investigate the severity thoroughly before escalating. LookOut has particular strengths in analyzing orders, scrutinizing RFQs, trades, and public market data. Built-in automated detection patterns examine both market data and operator’s behavior to maximize efficiency and minimize false positives.

Commenting on the win, Mirko Marcadella, LIST’s Chief Product and Marketing Officer, said: “We are thrilled and humbled by this recognition of LookOut as an effective solution for capital markets. LookOut navigates through all the major regulatory landscapes, complying with surveillance regulations. The solution meets the MAD/MAR, MiFID/ MiFIR, SFTR obligations, conflict of interest and personal dealings for Europe, and similar requirements in other parts of the world. I honor the LIST team behind this outstanding product, and thank our clients for their trust in us and their commitment to trade surveillance.”