Ancoa delivers AWS hosted market surveillance platform to Convergex
US-based brokerage services provider Convergex has implemented Ancoa’s market surveillance platform to monitor all trading activity across its domestic and international cash equities and options businesses.
It also monitors trading activity of “all lit and dark venues” including Millennium, Convergex’s proprietary applicant tracking system (ATS). The cloud-based deployment is running on Amazon Web Services (AWS), and provides a “managed and secured” infrastructure environment while the deployment ensures cyber security is managed efficiently.
Ann Neidenbach, CIO of Convergex, says it chose Ancoa because of its “robust trading surveillance capabilities to support our global multi-asset requirements”.
According to Convergex, its global compliance team can now further comply with US and international market abuse regulations and better monitor the ATS market participants via one central platform.
Convergex delivers solutions that include its ETF Direct platform and algorithms to nearly 3,000 clients accessing over 100 market centres. The firm has international coverage of options and cash equities in approximately 6,500 symbols.