Cenkos chose Ancoa to specifically conduct automated compliance checks based on the securities company's trading activities on the London Stock Exchange (LSE) where Cenkos operates as both a market maker and broker-dealer.
Kurt Vandebroek, CEO, Ancoa, said, "We are delighted that Cenkos Securities has chosen our surveillance platform to monitor their trading activities on the LSE.
Compared to other competitive products, Ancoa has reduced the total number of alerts highlighting suspicious trading activities by approximately 65%, retaining alerts that are wholly relevant and require manual review by our analysts.
After the optimisation work performed with Intel, Ancoa is now capable of handling any number of financial messages for the conceivable future, even on generic hardware architectures", says Ancoa CEO Stefan Hendrickx.
Ancoa is a dedicated, "big fast data" technology specifically developed to give financial market regulators and other market players the means to enforce market rules in today's world of high frequency trading.
Ancoa technology is already in use by Tier 1 investment banks, trading venues and global messaging companies.
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