Small Exchange picks Eventus Systems for market surveillance
Eventus Systems, Inc, a leading global trade surveillance and market risk platform provider, and the Small Exchange, a new futures exchange (pending regulatory approval) backed by award-winning innovators focused on retail customers, announced today that Eventus will provide the exchange with its mission-critical real-time market surveillance system.
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The marketplace is deploying the cloud-based version of the Validus platform for its comprehensive surveillance activities.
Eventus CEO Travis Schwab said: "We're very excited to work with the Small Exchange and to play a vital role in the infrastructure underlying the exchange's operations when it launches. The team behind the Small Exchange is one of the best in the business, and we couldn't be happier to partner up in this effort. Increasingly exchanges and alternative marketplaces -- across a broad range of asset classes - are turning to Eventus for their trading surveillance and market risk monitoring needs. In the next few months alone, we expect to go live with two futures exchanges, one cryptocurrency exchange and a Swap Execution Facility. Validus is able to handle any type of exchange trading surveillance - going well beyond market manipulation detection."
Donnie Roberts, the Small Exchange President and CEO, said: "At the Small Exchange, we are delighted to be working with Eventus and its team. The Validus product provides us with a tool set that is state-of-the-art, agile, efficient to implement and easy to use. From where we sit, adding the Validus surveillance system strengthens our overall compliance program by enhancing our ability to surveil market activity and assisting us in providing a fair and secure marketplace for all participants. The platform is another piece of the puzzle that furthers our mission to provide a set of products that allows all types of investors to participate in our marketplace."