STX, the US-based, CFTC-regulated event contracts exchange specializing in sports, cryptocurrency, and real-world events, has deployed the Eventus Validus platform to handle all trade surveillance for STX’s forthcoming regulated market.
The integration allows STX to monitor its platform for potential market manipulation. Validus covers a broad range of suspicious activities, including insider dealing, momentum ignition, price ramping, layering, spoofing, cross-product spoofing, cancel-after-fill activity, and large order or trade anomalies.
Eventus collaborated closely with STX throughout its regulatory engagement, supporting surveillance demonstrations for the exchange. As STX works towards recognition by the US Commodity Futures Trading Commission (CFTC) as a Designated Contract Market and Derivatives Clearing Organization under its XV Exchange and XV Clearing entities, robust trade surveillance will remain central to its platform.
Subscribe to our newsletter
