OneTick Surveillanceservice selected by Institutional Brokerage Novum Securities
New York, NY –March 4, 2020: OneMarketData, LLC, a leader in tick data management and analytics, today announced that its OneTick Market Surveillance service has been selected by international brokerageNovum Securitiesto ensure that all Novum trades carried out globally are protected and monitored appropriately as part of an auditable workflow.OneTick Market Surveillance service includes pre-coded compliance rules, parameterized alert thresholds, email notification, alert monitors and visual dashboards and market data.
OneTick Market Surveillance will help Novum Securities comply with regulations, including MAR, MIFID II, SEC, FINRA and IIROC trade surveillance regulation. OneTickMarket Surveillance will notify Novum Securities of its selected alert types, through a consolidated dashboard view. This includes any market manipulation, such as layering and spoofing, quote stuffing, wash trading, marking the close, etc. Through cloud deployment, Novum Securities has gone live onOneTick Surveillance in just six weeks.
“We selected OneTick Surveillance to protect and monitor our trading activity, and tomeet the growing number of regulatory requirements. We approached a few other providers and felt that the OneTick Surveillance system is more relevant and will greatly enhance our monitoring process,”said Sudirman Yusuf, Chief Financial Officer of Novum Securities.
“As regulatory pressures build, surveillance procedures become more critical than ever. It’s imperative for clients such as Novum Securities to protect itself, and its customers from illegal trading behaviors,”said Dermot Harriss, Senior Vice President of Regulatory Solutions at OneMarketData. “We look forward to working with Novum Securities and supporting its compliance across the board.”
OneMarketData is a leading provider of software solutions for the financial industry. Our OneTick platform is a smarter data management solution to get you in the game now. OneTick is a comprehensive suite for time-series data management, real-time event processing and analytics to address the most demanding requirements. Equity, Futures and Options proprietary traders, hedge funds, asset managers and investment banks can leverage the built-in capabilities of OneTick for quantitative research, transaction cost analysis, surveillance and back testing. Built by Wall Street experts, the OneTick suite of products is an enterprise-wide tick data capture and storage solution offering analytical modelling tools, global history across equities and futures markets and reference data. In 2015, OneMarketData acquired Tick Data, LLC, the first and leading provider of historical intraday market data, to marry the industry’s most powerful analytics platform with the cleanest, most reliable historical intraday data available. More information about OneMarketData is available at www.onetick.com
About Novum Securities
Novum Securities Limited is a UK based stock broking firm. The Company offers agency broking for institutional and high net worth clients (professional and eligible counterparty only), corporate broking and corporate finance services (retail, professional and eligible counterparties). Novum Securities Limited is regulated by the Financial Conduct Authority and is a member of the London Stock Exchange and the NEX Exchange.www.novumsecurities.com