Alert Scenarios
The following alert scenarios are available through SMARTS.broker:
| Trading Protocol | Alert Types | Potential Breaches |
|---|---|---|
| Securities Legislation, Market Abuse & Suspicious Transaction Reporting | Market Manipulation, Insider Trading | Alerts include Marking the Close and other alerts focussed on unusual activity at the close, Ramping, Wash Trade, Double Printing, Churning, Layering of Orders, Spoofing, and Insider Trading. |
| Broker/Client Conflict |
Front-running, Client precedence | Identifies where a house/proprietary account or employee account trades shortly prior to a significant on-market client order. Also alerts where the house/proprietary account deals in a related derivative instrument. |
| Market/Exchange Trading Rules | Trading activities bound by market specific rules | Customised alerts based on requirements re Substantial Shareholdings, Jitney trades, Cancelled Trades, Short Sell trades. |
| Internal Reporting Requirements | Information Alerts | Facilitates the generation of end of day reports which display trade data according to broker’s specifications. |
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Derivative Alerts
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Alerts specific to Derivative Markets | Alerts include Order Splitting, Failure to Issue Request for Quote, Crossing Breach, Wash Trade, Strategy Breach, Mini Manipulation and Cross Market Insider Trading (trading in related derivative prior to price sensitive announcement in underlying equity) |
A single subscription to the service entitles the broker to all alerts available. Delivery of some alerts may be dependent upon availability of client level data.