Validus platform gains further traction in fixed income

Eventus Systems, Inc., a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that LedgerEdge, the new global corporate bond trading platform built on distributed ledger technology (DLT), has selected Validus as the real-time trade surveillance platform for all of its markets upon their launch.

LedgerEdge, the next-generation ecosystem for trading, plans to first launch later this year as a multilateral trading facility in the UK and to roll out an alternative trading system (ATS) in the first quarter of 2022, subject to the usual regulatory approvals.

Ian Chicken, Chief Operating Officer of LedgerEdge, said: “Our innovative new platform will operate at the highest standards of trade surveillance and monitoring. We looked at several platforms, and Eventus stood out for its experience in handling large client implementations with significant real-time data requirements. Validus and the Eventus team also came highly recommended by a London-based firm that has been using the platform since last year.”

Eventus CEO Travis Schwab said: “We’re thrilled to work with LedgerEdge and some of the most innovative minds in the industry to fulfill a vital role in this exciting new market center certain to disrupt the $41 trillion global corporate bond market. As we continue to grow our presence in the UK and Europe, along with the U.S. and Asia, we are also proud to emphasize the versatility of Validus in providing robust trade surveillance capabilities for fixed income, as well as all major asset classes.”

Chicken said Validus is already integrated with LedgerEdge’s global technology partner Yaala Labs, which has worked with Eventus on behalf of mutual digital asset exchange clients.