Compliance technology and data analytics company, SteelEye, has announced the launch of its new Order Book Replay service. This new market replay solution is designed to facilitate more accurate monitoring of market abuse. SteelEye’s market replay tool allows organizations to replay a trading session, allowing them to analyze market movements in greater depth.
The tool allows compliance teams to play, pause, rewind, fast forward, slow down and speed up backlog activity to gain a full understanding of what happened. past – visually displaying the overall book balance against market price levels and gaps.
The solution also highlights where trading activity may be indicative of market abuse behavior such as spoofing and layering. It is fully incorporated and already live for a range of customers.
Matt Storey, CPO at SteelEye, said, “Today, most companies have a limited retrospective view of their business operations, which limits their ability to identify opportunities, risks and compliance threats.
“As regulators crack down on market abuse, SteelEye’s Market Replay provides a comprehensive yet accessible visual representation of a company’s order and trading activity against the entire order book so that ‘it can monitor irregular behavior more effectively.”
Matt Smith, CEO of SteelEye, adds, “There have been many recent and high-profile examples of companies being reprimanded and fined by regulators for market abuse. These events are stark reminders of the need to identify, investigate, mitigate and report potential instances of market manipulation.
“With SteelEye’s comprehensive order book replay, firms can more effectively oversee their trading operations to better detect market manipulation, not to mention provide data insights that can improve decision making. decision and trading performance.”