FinClear, Australia's leading provider of trade execution and third-party clearing services, and Eventus, a leading global provider of state-of-the-art, at-scale trade surveillance software across all lines of defense, announced today that FinClear has deployed Eventus' Validus platform to monitor the surveillance of trades and post-trade operations.  
Approximately one-in-two retail transactions in Australia are cleared and settled by FinClear each year, totaling more than AU$360 billion. In addition to hosting over AU$145 billion of listed assets on its existing platform, the company supports more than 570,000 accounts and provides services to more than 250 wholesalers.
The CEO of FinClear Execution and Clearing Services, Andrea Marani, said that as FinClear has continued to grow, the firm chose to switch from its previous provider to Eventus for a number of reasons, including the ability to tailor the platform, the sophistication of the technology, and the proactive dialogue and engagement with the team that Eventus provides.
The implementation has been a collaborative effort between both of our companies, and this has been more of a partnership than a vendor-customer relationship, according to Marani. Through Eventus, we were able to customize Validus to meet the specific needs of Australian equity markets. With the implementation of the platform, we have already seen a dramatic reduction in false-positive alerts, and we are now able to detect behaviors that we had previously overlooked."
Since regulators are placing an onus of responsibility on brokers to monitor trading activity and assist in maintaining market integrity, he said it is incumbent on FinClear to report suspicious activity on a daily basis in order to provide accurate data to the regulators in order to ensure market integrity. 
As Marani said, there have been severe penalties imposed on brokerage firms that fail to adhere to these laws. These responsibilities continue to increase, and Eventus software will be an essential tool to assist in managing these responsibilities in the future.
A significant part of the Australian broking community is played by FinClear, according to Eventus CEO Travis Schwab. In addition to our mutually beneficial relationship, the firm's willingness to collaborate with us in order to customize the product for its specific needs as well as to help us tailor the product for the Australian market as a whole has been extremely beneficial."  
Eventus is a company that specializes in managing events
Across all lines of defense, Eventus offers state-of-the-art trade surveillance software with state-of-the-art technologies. There is a powerful, award-winning platform, Validus, that is easy to deploy, customize, and operate across a wide variety of markets including equities, options, futures, foreign exchange (FX), fixed income, and digital assets.. Eventus' rapidly growing client base, including tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, regulators, and more, has demonstrated that Validus has the capability to handle the most complex, high-volume, and real-time environments.. As a result, the firm's clients rely on the platform, coupled with the firm's responsive support and product development, in order to be able to address their most pressing regulatory challenges in trade surveillance. Visit the following website for more information:.Eventus (event).Please visit www.comesart.co.nz
Please visit www.comesart.co.nz
FinClear Group - An Overview
FinClear Group is one of the leading independent technology and infrastructure providers to both public and private financial markets in Australia.. Since FinClear was founded in 2015, the company has grown and expanded to become the FinClear Group as a result of its growth and expansion. As part of the Group, there are three diverse brands each offering its own unique range of services, such as FinClear Execution and Clearing Services, FCX and Transact1.. Due to the Group's wide client base, the company has the opportunity to offer even more efficient, cost-effective, and revolutionary products and services to its clients. Visit the website for more information.The Finclear company.The website is:.It is audible
It is audible
DATA SOURCES Eventus; FinClear
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