Phillip Capital Inc. has extended its long-standing relationship with Eventus, continuing to use the vendor’s Validus platform for trade surveillance across its expanding range of markets. The US-based futures commission merchant and broker-dealer uses Validus to monitor activity across US equities, options, fixed income and global futures, as well as the rapidly developing prediction markets sector.
PhillipCapital said its combination of clearing, broker-dealer and FCM activities creates differing surveillance requirements across markets, making flexibility and the ability to configure alerting particularly important. The firm highlighted the need for detailed visibility without generating excessive volumes of alerts requiring manual investigation.
The renewed agreement extends an established relationship between the companies as PhillipCapital broadens its activities across asset classes. Eventus said the platform is designed to support evolving compliance requirements through configurable surveillance and financial risk capabilities across multiple markets.
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