Aite Group has identified the trade compliance landscape including the full-service platforms. For the key aspects of each solution Aite Group describes the capabilities, characteristics of the client base, competitive differentiators, growth trends, demonstration highlights, and strategic roadmaps.
Compass is a new application for NICE Trading Recording (NTR) that can address these needs by providing the tools to confirm that you are 100% compliant. Compass provides:
Roiled by recent scandals and fines, the FX market is facing intense regulatory scrutiny. A combination of complacency, the sheer size of the market and a lack of global standards had made FX something of a compliance orphan, says Stephen Anikewich, head of compliance, Americas, NICE Actimize. Speaking with TABB Group, Anikewich discusses the challenges of surveilling electronic FX markets vs. other asset classes and the definition of “holistic compliance.”
Communication Surveillance provides the ability to take complete control over your Trading Floor communications, and pro actively detect breaches of compliance rules or fraud. It also provides analysis and reports on new and emerging risks by creating management overviews and highlights trends. By automatically presenting indicators for potential risks, protection against compliance breaching and fraud is optimized, while maximizing ROI.
TABB Group, the research and strategic advisory firm focused exclusively on capital markets, says in its report, “NICE & NICE Actimize differentiates its offering through the depth and breadth of its Trade Surveillance coverage, combined with capabilities around Communications Surveillance (particularly voice analytics) that are unmatched by any other vendor in the industry.”
Holistic Surveillance combines the power of Trade Surveillance with Communication Surveillance to offer a market leading ability to analyze transactional activity against conversational activity. The solution provides unparalleled insight into transactional activity and allows organizations to transform their surveillance and investigation processes. The Holistic Surveillance solution correlates actions taken against the discussions that lead up to and during an event.