The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Invast Global Outlines its Selection and Implementation of OneTick Surveillance

Invast Global, a multi-asset prime brokerage based in Sydney and Hong Kong, has selected  OneMarketData’s OneTick Surveillance solution to monitor FX, equities, commodities and futures. To find out more about the implementation, we talked to Invast chief operating officer Nick Briscoe.

Outlining the problem Invast was facing, Briscoe says: “Simply put, our previous market surveillance capability was starting to reach its limitations in terms of coverage and capacity given the growth in our business. Over the past 18 months in particular, we have seen a significant increase in our client numbers, total trade volumes and the volume of orders generated across our global equities product and this has necessitated a more scalable and automated solution to meet these demands.”

The company carried out a competitive assessment process across various potential solutions and providers before selecting OneMarketData. The primary decision making factor was the ability for the selected package to provide a genuinely robust, scalable and fully integrated market surveillance platform that meets or exceeds the demands of global regulatory agencies both now and into the future.

Secondary considerations were the integration processes with Invast’s various order management systems (OMS) and across asset classes, service and support, ease of use of components that compliance, risk and trading personnel use, and the usual commercial considerations for the business.

Briscoe says: “While some of the considerations can only be proven over time, OneTick provided the best overall solution for our business in each of the criteria we assessed. We continue to be impressed by the service levels of OneMarketData as an organisation and are looking forward to continuing to build our relationship with them.”

The initial rollout of OneTick will cover Invast’s global equities product, providing surveillance of all trade flows via a fully hosted solution that is integrated directly with the company’s equity OMS via FIX. It is anticipated that this will be the first phase of the relationship with a rollout across other listed and OTC asset classes likely to occur at a later date.

Briscoe comments: “Fundamentally, OneTick is going to give us the market surveillance capacity and automation we need to support and protect a growing business. It is also giving us a future capability to work across all asset classes in one consolidated surveillance platform with the automation required to do this in a comprehensive, compliant and cost effective manner.”

Ross Dubin, senior vice president and global head of sales at OneMarketData, adds: “Ensuring controls and surveillance procedures are in place has become critical as trading requirements become more complex. OneTick Surveillance provides clients like Invast Global with a consolidated view of all activity being carried out.”

Related content

WEBINAR

Recorded Webinar: Trade surveillance: Deploying monitoring and surveillance capabilities for today’s new normal

Let’s face it: The old ways aren’t coming back. A plethora of challenges brought on by the covid-19 pandemic, coupled with unrelenting market volatility and uncertainty, have pushed financial service firms to look for rigorous monitoring and surveillance solutions to meet the demands of the emerging trading landscape. Working from home (WFH) has increased the...

BLOG

Trading & Electronic Communications Surveillance in a Changing World

By Mike O’Hara, Special Correspondent. The ongoing necessity for many trading professionals to work from home has placed an additional burden on compliance teams struggling to ensure their firms play by the rules while staff operate away from designed-for-purpose trading floors. The situation has been a catalyst for change in how surveillance against financial crime...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...