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: Reviewing the Latency Landscape and the Next Generation of Ultra-Low Latency Infrastructure

Date: 17 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Ultra-low latency is no longer the preserve of a handful of proprietary trading firms. As new asset classes electronify, data volumes surge, and regulatory expectations around execution quality and resilience tighten, the performance demands on trading infrastructure are broadening...

BLOG

Osaka Exchange Adopts Nasdaq Eqlipse Technology to Modernise Derivatives Platform

Osaka Exchange has selected Nasdaq’s Eqlipse Trading and Market Surveillance platforms as part of a major modernisation of its derivatives infrastructure, positioning the exchange for increased scale, resilience, and long-term competitiveness. The deployment will see OSE adopt Nasdaq’s next-generation trading and surveillance technology as the foundation for a new derivatives platform, supporting multi-asset trading, ultra-low...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...