The Financial Conduct Authority (FCA) in the UK has chosen OneMarketData to provide a new cloud-based market surveillance and visualization system, with OneTick Surveillance emerging as the selected offering after competing against 14 other providers in a tender process.
OneMarketData’s solution will equip the regulator with advanced tools for identifying and investigating market anomalies, detecting potential instances of insider dealing and market manipulation, and monitoring real-time market disruptions.
The OneTick Surveillance system, widely utilized by asset managers, retail brokers, banks, market makers, market operators, and regulators, covers global equities, options, futures, and FX market data. Its features enable users to triage alerts through browser-based dashboards and create customized compliance workflows.
Dermot Harriss, Senior Vice President of Regulatory Solutions at OneMarketData, emphasized the secure, programmable, and dynamically scalable nature of the service developed for the FCA. He noted, “The service we’ve built for them is secure, programmable, will dynamically scale to meet increasing market volumes, and will allow the FCA to adapt to new risks to the integrity of our financial markets.”