Recognised for its holistic trade and communications surveillance offering
London, 6 September 2020 - SteelEye, the compliance technology and data analytics firm, has won the Best Market Surveillance Platform in the 2020 WatersTechnology Buy-Side Technology Awards.
The award reflects the flexibility of SteelEye’s surveillance platform, which enables firms to strengthen their market abuse detection, improve their oversight and continuously demonstrate compliance across all asset classes.
By unifying clients’ structured and unstructured data – from communications, orders, trades, social media sources, market data and global news – on a single platform, SteelEye addresses the growing challenge firms face in consolidating the vast amount of data required for compliance.
SteelEye’s surveillance suite thereafter uses proprietary algorithms and machine learning technology to proactively monitor, detect and highlight a wide range of market abuse offences.
"The SteelEye team have always been very approachable – on hand to help us meet our MAR requirements,” said Malcolm Reid, Head of Compliance & MLRO at Sun Global Investments.
“As regulators intensify their supervisory efforts to tackle market abuse, the pressure on firms to take a proactive stance on MAR compliance has grown,” said Matt Smith, CEO of SteelEye.
“Our holistic surveillance platform offers a range of intelligent tools that monitor trading and conduct, thus enabling clients to detect signs of financial crime promptly and accurately.”
SteelEye offers the most complete suite of compliance solutions in the market, including EMIR and MIFIR reporting, best execution, transaction cost analysis, record keeping and trade reconstruction, in addition to its surveillance capabilities. The firm has won six industry awards during 2020.
Other awards obtained by SteelEye in 2020 include:
The annual Buy-Side Technology Awards, launched in 2007, highlight the technologies and services available to the global investment management industry to help those firms manage every aspect of their day-to-day operations, from portfolio management and execution to risk management, performance, accounting and client and regulatory reporting. With 35 individual categories across the front, middle and back offices on offer to the third-party vendor community, these awards traditionally attract more entries than any other awards program in the WatersTechnology stable.
SteelEye is a RegTech and data analytics firm that was established to reduce the complexity and cost of financial compliance and enable firms globally to manage their regulatory obligations through a single platform.
SteelEye’s ability to bring together, cleanse, index and analyse structured and unstructured data across all asset classes and communication types enables clients to effortlessly meet their regulatory needs, because when all this data is in one place, compliance becomes both easy and cost-effective. And with everything under one lens, firms also gain fresh insight into their business, helping them improve their efficiency and profitability.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR. For more information, visit:www.steel-eye.com.