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

Fonetic Upgrades Automatic Trade Reconstruction Technology

Subscribe to our newsletter

Fonetic has extended its automatic trade reconstruction (ATR) solution to give compliance and surveillance officers more features and functionality to support the investigation of trades, detection of fraud and the ability to export an ATR timeline as a data file to a regulator. The company suggests the solution is well suited to the trade reconstruction requirements of Markets in Financial Directives II (MiFID II) and Dodd-Frank, and names BBVA and Santander as global users of the solution for comms surveillance and compliance with these regulations.

Fonetic’s ATR technology automatically processes and links all trading data with its corresponding communications, helping compliance and surveillance officers accurately detect and report fraud, manage alerts around potential fraudulent behaviour, quickly and efficiently conduct investigations, and rapidly resolve disputed trades and mismatches.

Fonetic ATR V2 builds an upgraded user layer on top of the technology that provides a faster investigation process through improved usability and a collaborative environment that allows multiple investigating officers to share comments and notes; new models to help detect more fraud cases and reduce false positives; the ability to perform ad hoc or user defined proximity searches; and the ability to quickly and easily export a full ATR timeline as a data file and send it to a regulator on request.

Juan Manuel Soto, CEO and founder of Fonetic, says: “Regulators are taking a tough line on fraud. Banks need to react to systemic compliance weaknesses and put in systems that provide better control. This is not easy, often because chats, voice and email communications are recorded and stored in siloes and are not integrated. Fonetic ATR links every deal to its comms as soon as it is booked, reducing the cost of trade reconstruction, increasing productivity and saving time.”

As well as bringing together elements including front, middle and back-office data, social media, data analytics, voice biometrics and unstructured data in a multi-language solution that can decode trader behaviour, Fonetic ATR V2 goes beyond who’s talking to who and how often, and builds up a detailed relational picture over time that allows the analysis of all types of communication and early identification of context anomalies, including fraud, false positives or fat finger mismatched trades.

Fonetics ATR V2 is initially available as enterprise software, with a cloud-based option due soon.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Managing Non-Financial Misconduct Under SMCR

9 October 2025 11:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Non-financial misconduct—encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks...

BLOG

Broadridge Unveils AI-Powered Algorithm Insights Service for NYFIX

Broadridge Financial Solutions has introduced an AI-driven algorithm insights service for its NYFIX network, aimed at enhancing trading accuracy and reducing costs for buy-side firms. The new service leverages real-time liquidity mapping to help asset managers, hedge funds, and other institutional traders optimise their algorithmic trading strategies and improve performance. The solution, the first of...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

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...