Market Manipulation and Insider Trading 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.

Support Clarifications

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

Market Manipulation Scenarios

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

Digitisation when checking staff’s private share deals

The German Securities Trading Act obliges banks to record their staff’s third-party bank transactions. Manually inputting a duplicate takes several minutes. Automatic scanning, data mapping, and plausibility checks reduce the manual work time by up to 90%.

Insider Trading Scenarios

ACTICO’s trade surveillance software triggers a clarification if it detects unusual transactions or behavior patterns such as front or parallel running during its daily tracking of securities trading.

Managing Insider Lists

The software solution 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 software 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.


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

The ACTICO Capital Market Solution 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.


Powerful Standard Software

With ACTICO's trade surveillance software, 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 software 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

ACTICO 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 to identify trading behavior that may prompt regulatory inquiries

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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ACTICO Compliance Solutions

The ACTICO Compliance Solutions Next Generation represent a the comprehensive software family for Compliance & Financial Crime Management in banks and insurance companies.

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These might be of interest to you

e.Paper: Stock boom drives banks towards digitisation

In Germany, banks are obliged to check staff’s private share deals. This becomes work-intensive if staff trade in financial instruments via third-party banks. They are obliged to create duplicate documentation of the transactions and report them to the employer bank. To keep workload and costs under control, banks are turning to digitisation.

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Whitepaper: More Transparency in Capital Markets

Because market manipulation and insider trading is illegal, financial institutions scrutinize securities trading for anomalies. Banks are constantly looking to automate the detection and processing of suspicious cases.

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Success Story: Bavarian State Bank prevents and detects market abuse

By implementing ACTICO Capital Market Solution, BayernLB managed to increase automation in their transaction screening. The bank automated monitoring to check every securities order processed by the bank against scenarios that indicate market manipulation, breaches of rules or insider trading.

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