Market Surveillance Extensions
While the Market Integrity platform provides the key tools needed to meet the mainstream surveillance requirements, the system can be further complemented with a set of tools to provide more in depth analysis of market wide trends. Metrics provides access to over 50 commonly used measures of market efficiency, transparency, and volatility all of which can be graphed over multiple date ranges with day patterns, week patterns, or general trends. The Inform module provides access to news events and integrates these news stories into insider trading alerts which are triggered when price sensitive announcements are distributed.
METRICS
Provides historical trend analysis using a variety of measurements for liquidity, market efficiency and volatility. The analyst selects the measurement, such as “volume” then chooses the data set to build the trend from, followed by the frequency of measurement such as every 10 minutes, and the type of trend, either daily, weekly, or date range. Metrics helps analysts to better understand the common patterns in the data such that they can more easily identify unusual behaviour.
FACTS
Provides real-time tables of statistics with drill down capabilities. An analyst can view a table containing summary statistics about trading in securities then drill down to see the summary statistics for the brokers trading each security, then drill down further to see the current status of orders for the broker in the security of interest. FACTS can also provide hourly statistics and market share charts.
INFORM
Provides a query for new announcements from various data sources. News can be added manually or automatically into the system thus facilitating insider trading analysis.
While the Market Integrity platform provides the key tools needed to meet the mainstream surveillance requirements, the system can be further complemented with a set of tools to provide more in depth analysis of market wide trends. Metrics provides access to over 50 commonly used measures of market efficiency, transparency, and volatility all of which can be graphed over multiple date ranges with day patterns, week patterns, or general trends. The Inform module provides access to news events and integrates these news stories into insider trading alerts which are triggered when price sensitive announcements are distributed.
