Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms, today announced that it has successfully integrated its real-time market surveillance capabilities with the Zagreb Stock Exchange’s (ZSE) trading platform across all trading segments; their regulated market, MTF and OTC trading platform.
Key to running an orderly market across multiple platforms and asset classes is robust and resilient market surveillance. Having carried out a rigorous review of currently available surveillance technology and tested Ancoa’s capabilities, the ZSE has selected Ancoa to provide multi-asset class, real-time monitoring and surveillance, strengthening the ZSE’s existing technological infrastructure and ensuring regulatory compliance under ESMA guidelines.
Ancoa’s platform helps firms take full control of their regulatory, reputational and operational risks across markets, functions and asset classes by providing contextual surveillance and actionable insights. The real-time monitoring of trading activity enables heads of trading or heads of compliance to detect, investigate and deal with irregular and potentially manipulative behaviours in order to prevent market abuse practices.
Ms. Ivana GaÅ¾iÄ, President of the Management Board of the Zagreb Stock Exchange, said: “In today’s markets, there is an ever-increasing demand to quickly detect and respond to abusive trading behaviour. Ancoa’s platform is efficient, scalable, and flexible and was easy to deploy. Furthermore, it addresses our market surveillance requirements, in line with our strategic goals of investor protection and running a fair and orderly market.”
Commenting on the release, Stefan Hendrickx, Founder and Executive Director, Ancoa, said, “We are thrilled to be working with the ZSE across their markets and asset classes. We have been running our contextual surveillance and analytics alongside the ZSE’s incumbent provider for a brief period of time and are excited to announce our partnership with the ZSE, a leader in the development of capital markets in the region, to fulfil their current and future surveillance requirements.”