b-next AG Releases MACOC: Suite Short Selling Module

17 November 2008

b-next AG, a leader in risk based compliance monitoring solutions, has released the newest addition to its MACOC:Suite. The Short Selling module enables banks to monitor short selling activities especially for instruments under regulatory restriction. It brings together securities transactions and position information. The MACOC:Cockpit is used for visually display the information for quick reference to manage the business.

Using drilldown techniques, suspected violations are only a few mouse clicks away. The module uses start-of-day positions from several entities, and can identify intra day short positions. The smart technology identifies and flags cancellations and automatically sets an alert if a short position is detected. Remedial actions and correspondence are stored in the associated database for reference by managers, auditors, and regulators.

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