First Derivatives has announced the launch of its integrated trade execution, risk management and surveillance solution for FX markets. The solution enables brokers to provide value-added services to their clients by monitoring for unauthorised trader activity, detecting unusual trading patterns and offering a sandbox environment for testing and validating new trading models. Combined with its accompanying market replay facility for forensically reviewing historical trading patterns, this integrated offering enables brokers to meet their regulatory obligation to provide a fair and efficient trading venue for their clients and liquidity providers alike.
Brian Conlon, CEO of First Derivatives, commented: “We already provide FX execution services for top banks, asset managers and hedge funds and we provide surveillance solution for regulators and exchanges. Putting them together is an obvious step but one that brings something unique to the market in offering surveillance as an integral part of an FX trading platform.”