Energy Firm Deploys Validus Surveillance and Risk Software Platform to Enhance Compliance Program, Promote Transparency
Eventus Systems, Inc., a provider of innovative regtech software solutions for the capital markets, announced today that ENGIE Energy Marketing NA, Inc. has deployed the firm’s Validus surveillance and risk software platform to enhance its compliance program.
ENGIE Energy Marketing NA, Inc. is a natural gas, power and natural gas liquids (NGL) wholesale energy marketer that provides market access, hedging and asset management solutions to gas, power and NGL customers in North America. The firm is using Validus to monitor its trading and hedging activities across CME Group and ICE Futures and cleared OTC markets.
Eventus CEO Travis Schwab said: “We are delighted to have ENGIE as a client. Commodity firms that hedge with futures and trade for their own accounts often face fast-moving markets and volatile swings. Our robust monitoring capabilities can take a firm’s compliance program to the next level, with easy-to-implement and intuitive financial, surveillance and operational controls. While a broad range of clients from banks to trading firms have deployed our technology, this is one of the first times a commodity-focused corporate has implemented Validus for its compliance program.”
Validus gives risk managers, compliance officers and traders a customized dashboard into the trading, operations, surveillance, compliance and risk management activity across the enterprise, with the ability to drill down and visualize all activity. By driving Validus off a reconciled view of both exchange drop copies and direct inputs from the trading systems, customers run key firm processes off a “golden source of data,” providing an independent validation across technology platforms.
Schwab said that although buy-side firms face different regulatory demands than sell-side institutions, a robust compliance program is important, both to guard against unwanted activity within the firm and to demonstrate to investors, holding companies, regulators and the public that the firm is transparent and holding itself to the highest standards.
Eventus Systems, Inc. is a software firm solving pressing regulatory technology (regtech) challenges for capital markets organizations, including Tier 1 banks, brokerages and futures commission merchants (FCMs), proprietary trading firms, exchanges, corporates and buy-side firms. The firm’s flagship Validus platform – available as a cloud-based or real-time enterprise on-premise solution – provides sophisticated, efficient risk management and surveillance, spanning the front, middle and back office. Through multi-stream data reconciliation, Validus offers a high-performance, scalable platform that was built and battle-tested in the toughest market conditions. Headquartered in Austin and serving clients globally, Eventus is led by a veteran management team with extensive experience in capital markets, derivatives, compliance, software development and high-performance data management.