London/New York, 7 April, 2022: SteelEye, the compliance technology and data analytics firm, has today announced the launch of its new Order Book Replay service – a cutting-edge market replay solution.
Designed to facilitate more precise and rigorous market abuse surveillance, SteelEye’s market replay tool enables organizations to playback a trading session and more thoroughly analyze market movements.
This allows compliance teams to play, pause, rewind, fast forward, slow down and speed up order book activity to gain a full understanding of what has taken place – visually showcasing the overall balance of the book against market price levels and spreads.
The solution also highlights where trading activity might be indicative of market abuse behaviors like spoofing and layering.
Commenting on the announcement, Matt Storey, CPO at SteelEye, said: “Today, most firms have a limited retrospective view of their trading operations which restricts their ability to identify opportunities, risks, and compliance threats. As regulators crack down on market abuse, SteelEye’s market replay provides a comprehensive yet accessible visual representation of a firms’ order and trade activity against the full order book so they can more effectively monitor for irregular behaviors.”
The solution is fully incorporated and has gone live for a range of clients.
Matt Smith, SteelEye CEO, said: “There have been many recent, high-profile examples of firms being reprimanded and fined by regulators for market abuse. These events act as stark reminders of the need to identify, investigate, mitigate, and report on potential instances of market manipulation. With SteelEye’s comprehensive Order Book Replay firms can more effectively oversee their trading operations to better detect market manipulation, not to mention get data insight that can power enhanced decision making and trading performance.”
How it works:
In SteelEye’s market replay solution, an indicator shows the state of the Order Book at a precise point in time along with any shift in book balance because of client order flow. The sizing of the bars is relative to the volume at that level and time, with customers also being able to access information on price levels and top-of-book spread change.
Learn more about SteelEye’s Order Book Replay solution here.
For further information, please contact:
Emmy Granström
Marketing Director – SteelEye
emmy.granstrom@steel-eye.com
+44 (0)203 821 6039
For media enquiries, please contact:
Marius Putnam, Communications Executive
marius.putnam@boldspace.com
+44 78074 82181
About SteelEye:
SteelEye simplifies compliance for financial firms and saves them time and money. SteelEye’s holistic platform allows firms to achieve ROI from communications and trades Record keeping, Oversight and Intelligence.
With SteelEye, firms can easily lock their data in a WORM-compliant vault, identify and stop early warning signs of harmful conduct, and demonstrate that they have watertight policies, procedures, and controls.
By connecting large volumes of data from multiple sources, SteelEye enables firms to meet regulatory obligations more quickly, efficiently, and accurately than any other solution. Firms also gain full visibility and control of their trading and compliance operations, with cutting-edge analytics that provide timely insights on risks and opportunities. Visit steel-eye.com to learn more.
