Trade Surveillance and Communications Monitoring

In the wake of the extensive investigations into conduct in the FX market, the FCA have mandated remediation programs for many market participants. As part of this remediation, banks and financial institutions must develop effective monitoring of trading activity and communications (both voice and electronic)

Forex Consulting has experience of establishing a tactical, but effective, “first line of defence” that is able to monitor trading activity and communications  for inappropriate activity. A combination of watching the Order Management System, the real-time trade data, and Bloomberg & Reuters keyword triggers will allow experienced people, who know what to look for, to act in a detective capacity in close to “real-time”.

Additionally, the experienced people that can carry out this function will act as a preventive measure due to their strong credibility with the traders and salespeople, which will act as a deterrent to inappropriate behaviours.