Singapore/Hong Kong, 22 November 2022 – Eventus was awarded Best Solution: Virtual Assets – Market & Trade Surveillance in the 5th Regulation Asia Awards for Excellence 2022 at an in-person ceremony on 22 November 2022.
Eventus was recognised for Validus, a real-time trade surveillance and market risk management platform that helps firms to quickly identify potential abusive behaviour in equities, listed derivatives, foreign exchange, fixed income and digital assets markets. The platform employs machine learning and advanced analytics to automate anomaly detection and pattern analysis, providing actionable alerts to help firms guard against regulatory, legal, and reputational risks.
Validus provides flexibility to ingest trade and order lifecycle data in any format before normalising the data based on a standard model, allowing firms to access and query the data to derive business insights and monitor for risk in real-time. The platform is capable of running automations to close out false positives quickly, with explanations, and single out alerts that have the true characteristics of abusive behaviour.
Digital asset exchanges have cited Validus’ scalability, customisability and its ability to surveil “billions of messages a day in real time” on 24/7 marketplaces among their reasons for adopting the platform. Besides capabilities to detect market manipulation, insider trading, collusion and other abusive practices, Validus is also solving for AML and Travel Rule compliance challenges through partnerships with TRM Labs and Notabene.
“The convenience of having surveillance, AML, transaction monitoring and risk monitoring capabilities within a single platform is a game changer for crypto markets,” said one judge on the Regulation Asia awards panel. ““Eventus is rapidly expanding in APAC, even in markets where regulatory obligations on crypto market risk monitoring are not yet in place. This is helping to legitimise the industry, particularly at a time when it is suffering a crisis of confidence.”
Scott Leader, Managing Director, APAC for Eventus, said: “We are deeply honored to receive this second award from Regulation Asia in what is now our fastest-growing region. We constantly monitor developments and new requirements throughout Asia’s many regulatory jurisdictions so we can work closely with clients to ensure Validus remains cutting-edge and addresses their evolving needs – whether in digital assets or the wide range of traditional asset classes we cover.”
Over the past 18 months, APAC has been a large growth market for Eventus, with almost 40% of new customers globally coming from within the region. These include some of the most prominent digital asset exchanges globally, securing licences under APAC’s most stringent licensing regimes. Eventus offers a tailored implementation service, allowing clients to test Validus using actual trade data before full deployment.
About the Regulation Asia Awards for Excellence 2022
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2022 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.
Visit www.regulationasia.com or connect via LinkedIn or Twitter.
About Eventus
Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company’s rapidly growing client base relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventus.com.
