Eventus, the trade surveillance and financial risk solutions provider, has announced that Australian wealth management fintech Openmarkets Group (OMG) has adopted the Eventus Validus platform to provide comprehensive trade surveillance across all of its business.
The Validus platform will integrate into Openmarkets’ existing infrastructure to monitor all trading activity. The firm is responsible for clearing more than AUD $2 billion in annualised equities trades each month, spread across over 99,000 accounts.
Openmarkets selected Eventus after considering multiple providers, citing the platform’s advanced automation, cost-efficiency, and the availability of local support in Australia. The ability to customise the platform to generate targeted compliance alerts was also cited as a significant factor in the decision.
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