Ancoa, a London-based provider of contextual surveillance and analytics for exchanges, regulators, buy- and sell-side firms, reports that Linear Investments, a UK investment manager, has deployed Ancoa’s market surveillance and analytics capabilities for its execution and trading platforms, officials say.
“With market surveillance being a top priority in the regulators’ mind, and the new Market Abuse Regulation (MAR) set to come into force in July 2016, the onus is firmly on market participants to detect and deal with potential market manipulation and improve market integrity overall,” say Ancoa officials.
Ancoa officials add that the vendor will provide Linear with “contextual surveillance and analytics for its global trading operations, helping them take full control of their regulatory obligations across 27 global markets: exchanges and MTFs [multilateral trading facilities]. Building on Ancoa’s platform and standard regulatory alert library, the Linear Investments deployment includes both bespoke alerting logic and custom data integration with their order management system.”
Ancoa’s surveillance and analytics capabilities offer Linear a “manageable number of alerts, drawing attention to only those scenarios that require further investigation for potential market abuse, and are relevant to their specific business as detailed under MAR,” according to the vendor statement, which specifies that Linear’s “operations managers gain visibility over the quality and frequency of the alerts received and how these alerts are being internally managed.”
Linear “provides tailored prime brokerage services to start-up, small and mid-size hedge funds not effectively serviced by the larger European prime brokers,” according to the Ancoa statement.
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