Ancoa’s surveillance platform helps Dinosaur Merchant Bank to comply with MAR
Dinosaur Merchant Bank automates trading surveillance
Dinosaur Merchant Bank, a UK-based investment management, brokerage and advisory firm, has deployed Ancoa’s surveillance platform to monitor its equity trading activity for instances of market abuse and to meet their obligations under Market Abuse Regulation (MAR).
MAR, introduced earlier this year, requires market participants to monitor trading activity for instances of market abuse, including orders that do not proceed to execution.
Philip Green, sales trader, Dinosaur Merchant Bank, says the bank “carried out a thorough review of surveillance capabilities in the marketplace” prior to selecting Ancoa. He feels the vendor offers “a more complete solution” and the platform is easy to use both by the front office and compliance teams.
Ancoa says it takes “an alternative approach” to market surveillance – “overlaying multiple different data sources to deliver a contextual view enabling firms to spot market abuse or potential market manipulation and reduce false positives as well as blind spots”. Also, contextual approach reconciles siloed data sets across the organisation, helping to create a fuller picture of trading activity, the vendor adds.
