ACTICO COMPLIANCE SUITE MODULE

Market Abuse and Insider Dealing Detection

Market providers, market participants and brokers of securities transactions monitor their trading business with the module MAID (Market Abuse and Insider Dealing Detection) of the ACTICO Compliance Suite. In addition to internal requirements, the module also covers regulatory requirements. Based on adaptable standard scenarios, the automatic monitoring initiates necessary clarification processes. It can be flexibly supplemented by maintainable checks.

Key Features

Monitoring Securities Trading for Market Manipulation and Insider Trading

Monitoring Using Standard Scenarios

The automatic monitoring checks the securities orders against scenarios that indicate market abuse, breaches of rules or insider trading. It monitors orders from customers, employees and from proprietary trading. Transactions with third-party banks are included. The checks consider the underlying of complex financial instruments.

Clarifications

MAID supports clarification with comprehensive case management and workflows. It triggers a clarification if it recognizes suspicious behaviour patterns during its daily tracking of securities trading.

Market abuse and market manipulation scenarios

The module MAID triggers a clarification if conspicuous scenarios such as Wash Trades or Improper Matched Orders occur.

Rules on employee transactions

The module MAID checks compliance with regulations on employee transactions such as minimum holding periods. Violations are detected automatically.

Insider Trading Scenarios

The module MAID triggers a clarification if it detects unusual transactions or behaviour patterns such as front or parallel running during its daily tracking of securities trading.

Managing Insider Lists

The module MAID keeps insider lists up to date. The entries are recorded with reference to securities or companies and checked against the securities orders. Incidents of insider trading are automatically detected.

Restricted Lists, Watch Lists

The module MAID makes it easy to maintain restricted and watch lists. It continuously checks securities orders and transactions against these lists.

Third-Party Bank Transactions

Employee transactions and deposits with third-party banks are recorded in the system by the compliance department or the employee and automatically checked as part of daily monitoring. The employee uses the system to submit a declaration of completeness for the reports.

Pre-Clearance

A pre-clearance function is available for the pre-approval of a stock exchange order. Employees of financial institutions can use this to obtain approval before executing a securities transaction.

Regulatory coverage

MAID was developed in accordance with the Market Abuse Regulation (MAR) and the Market Abuse Directive (MAD II) of the EU/EEA, the technical implementing standards of ESMA and the circular of FINMA (Switzerland) on market conduct rules.

Benefits

Powerful Standard Software

With the module MAID, you have all the benefits of industry-proven standard software. It is quick and easy to implement thanks to standard models for monitoring market manipulation.

Flexible and Adjustable

The module MAID can be adapted to suit your specific requirements. Insider trading scenarios can be enhanced still further by using ACTICO Rules and ACTICO Machine Learning.

Total Compliance

The module MAID helps financial institutions and insurers to implement and comply with regulatory requirements in securities trading as stipulated in relevant legislation, including MAD II/MAR.


The ACTICO Approach

Digital Monitoring of the Fast-Moving, Difficult-to-Manage Trading Business

Machine Learning

Machine Learning identifies unusual securities orders and uncovers new market abuse scenarios.

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Standard Rules That Are Easy to Customize

Customizable standard rules map the monitoring scenarios and monitor the securities orders.

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Compliance Suite

The module MAID is part of the ACTICO Compliance Suite, the comprehensive software for Compliance & Financial Crime Management.

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