#United States #Chicago #AI Solutions #Trading Technologies #Trade Surveillance

Trading Technologies Wins Prestigious Award for AI Solution in Trade Surveillance

Trading Technologies International, Inc. (TT) has made headlines by being awarded the title of Best AI Solution for Trade Surveillance at the much-anticipated inaugural AI in Capital Markets Awards. The honors were announced this month, celebrating exemplary AI applications that enhance innovation within the financial and regulatory technology sectors.

The event, organized by A-Team Group, highlighted solutions that significantly improve operational efficiency, maintain compliance, and encourage sustainable commercial growth. Members of the A-Team Group community, consisting of financial institution participants, evaluated the submissions and granted this esteemed award to TT’s platform. In particular, the award recognized the unparalleled AI technology employed by TT that enhances market integrity through anomaly detection, real-time compliance assurance, and misconduct identification.

Nick Garrow, the global head of TT's compliance business, shared his thoughts on this prestigious recognition, emphasizing the commitment of his team to continuously improve their AI-driven solutions. He asserted, “This acknowledgment reflects our team’s dedication to innovation in the AI space, particularly in trade surveillance. We were pioneers in leveraging AI for these purposes even before it became a widespread term in the financial industry.” He highlighted how TT Trade Surveillance not only adheres to evolving regulatory standards but also enhances operational efficiency by reducing false positives. This allows compliance professionals to prioritize critical activities that pose higher risks.

TT Trade Surveillance is a cloud-based platform that has gained the trust of over 100 firms globally. This solution stands out for its pioneering machine learning approach, equipped with customizable models that can accurately detect various potential regulatory breaches and abusive trading practices. Notably, TT boasts the industry’s first-of-its-kind machine learning-powered spoofing model that leverages historical regulatory case data to assign a risk score based on mathematical similarities to previous violations. Over the past few years, Trading Technologies has expanded the capabilities of its surveillance system, now covering a range of asset classes including equities, equity options, fixed income, foreign exchange (FX), and digital assets.

Integrated seamlessly within the larger TT platform that encompasses the entire trade life cycle, TT Trade Surveillance has reported impressive growth since its introduction, achieving over 35% growth year over year since 2019, and has maintained a customer turnover rate of less than 1%. This remarkable success has earned TT multiple accolades this year, including the Risk Technology Award for Trade Surveillance Product of the Year and the Capital Markets Technology Award APAC for Best Trade Surveillance Solution.

About Trading Technologies

Trading Technologies is at the forefront of capital markets technology, providing premier services that cater to the end-to-end trading operations of major financial institutions like Tier 1 banks, brokerages, risk managers, hedge funds, and proprietary traders. With a focus on solutions that transcend various asset classes, respects diverse trading workflows, and operates across multiple geographies, TT delivers a Software-as-a-Service (SaaS) platform that provides a comprehensive suite of tools to support trade execution, data analytics, compliance, and surveillance. This award-winning ecosystem not only meets the demands of its immediate clients but also empowers exchanges and technology providers to deliver innovative solutions tailored to the market's evolving needs.

In a competitive landscape, Trading Technologies stands out as a trailblazer in the development of cutting-edge trade surveillance technology, paving the way for improved financial integrity and operational excellence in capital markets.