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

City Index/Forex.com Operator GAIN Capital Deploys Eventus for Surveillance

Subscribe to our newsletter

By Zoe Schiff, Reporter

GAIN Capital Holdings, operator of the Forex.com and City Index online trader services, has deployed the cloud-based version of Eventus Systems’ Validus platform to manage its market surveillance programme for its futures market activities.

The FCM’s Compliance and Risk departments and Trade Desk will be using the Validus system for the firm’s trade surveillance efforts, using FIX drop-copy to actively monitor orders on its core CQG-supplied trading platform. GAIN staff receive custom alerts and can use Validus to take prompt action in the event of any unusual or disruptive trading activity.

The Validus reporting and analytics platform provides a consolidated view of trading, operations, surveillance, compliance, and risk management to help manage all aspects of trading risk in global equities, equity options, futures, fixed income, foreign exchange, and cryptocurrencies. The platform includes a suite of tools for advanced reporting, delivery of multi-party counterparty data, detection of key trading functions, and the ability to scale the platform across asset classes and connect into existing systems to meet client needs.

According to Heather Krakora-Grimm, director of compliance at GAIN Capital, “Trade surveillance has become an industry standard, and although GAIN already had risk and trade monitoring in place, we felt the need to further enhance our processes with a third-party vendor. Eventus came recommended by other FCMs, and there was no need to change [our surveillance system], simply enhance.”

When asked about the evaluation process for choosing a surveillance system, Krakora-Grimm says GAIN based its selection on a number of factors, including “industry recommendtions, reliability, robust customer service support and training and an intellectual system capability for a reduction of false positives.”

She adds: “Our needs were unique; everything we do flows through CQG. Eventus was able to work with us to meet our unique requirements. We’re now active on the platform, which is easy to use.”

As a CQG FCM partner, GAIN offers CQG’s suite of trading tools to its customers, administered through CQG’s Customer Account Service Tool (CAST), for management over account set-ups, risk settings and other matters.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

Unlocking Competitive Edge: Outsourcing and Managed Services in Trading Technology

Faced with intensifying cost pressures, regulatory shifts, evolving market dynamics and rapid technological change, capital markets firms are seeing the roles of outsourcing and managed services becoming increasingly strategic. But how do they decide what to outsource and what to retain in-house? How can they preserve agility and oversight while handing over key infrastructure? And...

EVENT

Data Licensing Forum 2025

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

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...