Market surveillance
& fraud detection

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Overview

We help you tame it

  • MAR and REMIT outlaw two types of market abuse: Insider Dealing and Market Manipulation.
  • MAR covers Financial Instruments as defined in MiFID I and II.
  • REMIT covers ‘Wholesale Energy Products’ (WEPs), meaning electricity, natural gas, and LNG. Where a WEP is also a MiFID Financial Instrument, MAR takes precedence over REMIT in defining surveillance requirements.
  • Spot energy (ex REMIT) and commodity instruments are captured by MAR if their price influences that of Financial Instruments, i.e. by serving as a price-reference for derivatives, or being part of a benchmark index.
  • MiFID II adds additional surveillance obligations on market participants.
  • In conclusion, it is virtually impossible to find an instrument falling outside of MAR, REMIT and the MiFIDs!

Covered scenarios

  • Pump & Dump
    Trash & Cash

  • Cross market
    manipulation

  • Phantom
    orders

  • Marking
    the close

  • Capacity
    manipulation

  • Wash
    trades

  • Insider
    dealing

  • Market
    cornering

CONCLUSION

Effective trader surveillance isn’t
just about meeting compliance requirements.
It can also deliver a real boost to your business:

  • Get real time insights into
    culture & behaviours
  • Better understand true risks taken by
    traders & consequently better assess true
    risk /adjusted returns
  • Get insights into client behaviours & account
    profitability
  • Don’t lose valuable data: keep track
    of your decisions to get training data sets for
    machine learning to optimise costs of control

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