The Trade Surveillance Compliance Market and the Battle for Automation
Report Summary
The Trade Surveillance Compliance Market and the Battle for Automation
The Future Of Trade Compliance Technology Lies In Improving Existing Functionality And Constantly Honing Dynamic And Holistic Solutions.
Boston, July 31, 2013 - The global regulatory overhaul of recent years prioritized a host of compliance initiatives and thus the need for compliance and market surveillance technology. Lapses in regulatory oversight and a slew of high-profile insider-trading investigations have compounded this focus. Not surprisingly, compliance initiatives within affected firms have likewise moved from the back office to center stage--the front office--while compliance capabilities have moved increasingly from post-trade to real-time. And the need for a sophisticated, real-time compliance platform is greater than ever due to continued electronification of major asset classes and instruments, both listed and OTC.
Based on Aite Group interviews with leading vendors as well as observations from demonstrations of actual platforms, this Impact Report by managing partner Sang Lee and analyst Danielle Tierney sheds light on how the market and individual firms are adapting to new compliance and trade surveillance requirements. The piece also estimates compliance and surveillance spending, highlights key trends and requirements within the trade surveillance compliance technology market, and evaluates the features and capabilities of a sampling of leading compliance technology vendors in global capital markets. Nasdaq OMX, NICE Actimize, Oracle, Progress, StreamBase, SunGard, and SIA S.p.A are discussed in this report.
This 54-page Impact Report contains 27 figures and six tables. Clients of Aite Group's Institutional Securities & Investments service can download the report.