• Product Reviews
• 04.05.2021 09:21 am

• What does the product do?

Validus is a comprehensive platform combining trade surveillance, market risk, algo monitoring and AML/transaction monitoring to maximize the efficiency of regulatory operations.

Eventus Systems clients deploy, customize and operate Validus as a cloud-based or on-premise solution, surveilling across the full spectrum of assets classes, including equities, options, futures, FX, fixed income and digital assets. Validus can operate 24x7 in real-time, T+1, or a combination of both. 

Validus helps compliance and risk officers: 

• save time and mitigate risks of fines and reputational damage 

• comply with supervisory procedures and financial limits

• test, document and monitor a firm’s trading algorithms 

• facilitate efficient fraud detection, investigation and remediation

Eventus enables clients to conduct surveillance activity on 100+ exchanges and market centers globally, regularly adding new markets as requested. Validus provides users with a sandbox environment to test and easily deploy new procedures and calibrations.

Validus’ robust data management and replicable routines include generating real-time alerts within five seconds of an event, enabling clients to take immediate remedial action. For some clients such as cryptocurrency exchanges surveilling in real time, Validus processes billions of trade lifecycle messages per day. Full-featured APIs and scalable architecture provide maximum flexibility and interoperability. Centralized, intuitive dashboards are designed to integrate regulatory/operational/financial processes, making in-depth reporting and reconciliation seamless.

•  Who needs the product?

Validus is proven in the most complex, high-volume, real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, cryptocurrency exchanges, buy-side institutions, energy/commodity trading firms and regulators.

• What is special about the product?

No other trade surveillance platform gives clients the level of flexibility and customization, integration and automation tools, or ability to cast such a wide net and escalate the most actionable alerts that Validus provides. This enables senior executives, risk managers and compliance officers to dig more deeply into potential issues and take resolution action faster while accounting for all behavior that might get overlooked by legacy systems that over-rely on parameter calibration. Eventus provides a complete audit trail of all automation for use in supervisory reviews and regulatory inquiries. 

Eventus has become the global leader of trade surveillance and transaction monitoring services, and, for cryptocurrency exchanges in particular, Eventus’ Validus platform is able to meet the exchanges’ extremely high-security requirements as well as offer the ability to surveil billions of messages/day in real-time, going to 8 decimal places.

Validus is the only platform able to run all analytics and reporting off reconciled data received from counterparties and the only one able to support demanding Reg NMS and Intermarket Sweet Order (ISO) requirements in U.S. equity markets.

Unlike other platforms, Validus can accept data from any file type as part of the firm’s extract, transform, load (ETL) process – which is key to enabling clients to integrate the technology with other platforms they use.

Validus was built by experienced industry practitioners, and Eventus staff includes professionals with decades of experience in compliance, market regulation, multi-asset class financial markets and technology. The team works closely with clients to understand their needs and determine new features and functionality the firm can introduce to solve their evolving challenges as well as help them customize the platform to meet their unique objectives. 

• What are some of the key features?

Validus features hundreds of pre-built trade surveillance and risk monitoring procedures enhanced by advanced analytics and automation (including AI/machine learning techniques) to cast a wide net and leverage robotic process automation (RPA) and machine learning to escalate the most actionable alerts and support compliance/surveillance analysts.

The versatility of the offering enables clients to address evolving regulations and exchange rules in the many global jurisdictions in which they operate.

Among hundreds of recent enhancements:

• Increased automation tools - thousands of workflows enabled

• Robust alert audit trail functionality

• Increased speed and throughput for an ever-increasing message load

• New Signals analytical tool to monitor statistics, develop trading profiles and detect anomalies over time

• Strengthened insider trading functionality

•  Has the product won awards?

Eventus Systems has received multiple global awards and honors in just the past few years, including:

• WatersTechnology’s Sell-Side Technology award for Best Sell-Side Market Surveillance Provider (2021) 

• Markets Media’s Markets Choice Award for Best in RegTech (2020 and 2021)

• FOW International Award for Market Surveillance Solution of the Year (2019 and 2020)

• RegTech Insight Award for Best Trade Surveillance Solution for the Dodd-Frank Act (2019 and 2020)

• Risk Technology Award for Market Surveillance Product of the Year (2019)

•  What is a real-world example?

Eventus’ new Automation Recipes tool gives clients the ability to automate many mundane and repetitive tasks, enabling managers to promote efficiency and track relevant trends. By working with a large FCM’s compliance team to manage cross-trade surveillance for global futures activity, Eventus helped the team achieve a 99.6% reduction in alerts requiring the attention of compliance staff.