Ideal Prediction launches Scope

Ideal Prediction has announced the launch of Scope, an automated monitoring service, which analyses the behaviours of voice traders and trading algorithms in line with the principles of the FX Global Code (FXGC). Already in production, Scope automatically monitors order and trade activity, evidencing that humans and algorithms adhere to governance and risk controls.

First Published by e-Forex News: March, 2019

John Crouch
John Crouch

Ideal Prediction has announced the launch of Scope, an automated monitoring service, which analyses the behaviours of voice traders and trading algorithms in line with the principles of the FX Global Code (FXGC). Already in production, Scope automatically monitors order and trade activity, evidencing that humans and algorithms adhere to governance and risk controls. It specifically highlights potential issues like last look, spoofing, flashing, layering, order violations, limit breaches, and P&L flags. Ideal Prediction is further refining Scope, by adding checks that are collaboratively defined and agreed. It is working with a group of top tier banks, to create collective standards.  “Not every check has a clear definition, so we collaborate with the FX community to provide standardized as well as custom checks appropriate to each firms’ business,” said John Crouch, Founder and CEO of Ideal Prediction.