TRADE SURVEILLANCE

R&C: What do you consider to be among the significant trends and developments to have impacted the trade surveillance arena over the last couple of years?

Tirello: The largest trend seen in the last few years is the desire of firms to go fully paperless with their surveillance workflows and audits. This has been triggered by an explosion of new rules and requirements across the globe, which has become difficult to manage with traditional spreadsheets and paper reports. With the development of advanced surveillance tools and algorithms being deployed by regulators on a global scale in the cloud, firms feel pressured to bring their technology stacks up to date. The amount of data and exceptions now require tools to provide feedback and analysis over long periods of time to capture trends that are difficult to see without a technically calibrated lens.

Jul-Sep 2019 Issue

Bloomberg L.P.

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