About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

First New York Deploys Eventus for Cloud-Based Trade Surveillance

Subscribe to our newsletter

First New York has implemented a cloud-based version of Eventus Systems’ Validus trade surveillance system to monitor its futures trading and investment activities, with a view to expanding the deployment to its equities and equity options trading business.

According to Shawn Fischman, General Counsel & Chief Compliance Officer at First New York, “As a multi-asset, multi-strategy firm with approximately 100 portfolio managers, our structure is extraordinarily complex, particularly as each manager trades accounts with a variety of counterparties across global markets. We wanted to establish a relationship with a market-leading, proven firm with the expertise to handle trade surveillance across multiple asset classes and the flexibility to meet our complex needs. Eventus was among the top providers recommended to us by many of our peers and counterparties.”

First New York’s compliance and technology teams evaluated several trade surveillance solutions and conducted multiple demos with each before selecting Eventus. Fischman says Eventus’s use of machine learning to train the Validus platform based on the firm’s transactions differentiated it from its peers. Specifically, its ability to identify certain patterns, simplify and manage the compliance staff’s day-to-day review process, and gain new efficiencies, was appealing to First New York.

According to Eventus’ President, Jeff Bell, “This implementation involved some unique challenges due to First New York’s structure, the need for connectivity and access to the full range of trade lifecycle data from the many different execution platforms its portfolio managers use, and the complexity of its trading processes. We were able to meet these challenges and get its team up and running quickly.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best Practices for Managing Trade Surveillance

1 July 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting...

BLOG

Enhancing Trader Efficiency: Interoperability, Automation, and the Path to Smarter Desktops

In the face of intensifying demands on trading desks, the pressure to streamline workflows and enhance productivity has never been greater. So how can trading firms modernise the trader desktop without creating disruption? What’s the real return on investment for low-code, no-code, and interoperability tools? And how do firms balance build-versus-buy decisions when designing next-generation...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...