#USA #New York #Hadrius #Trade Surveillance #Zero Data Retention

Hadrius Revolutionizes Trade Monitoring with New AI-Driven Solution

Hadrius has announced a significant advancement in trade monitoring technology with the introduction of Client Trade Surveillance. This product is specifically designed to oversee client trading across financial institutions in real-time, enhancing compliance workflows and protecting sensitive data.

The launch of this product serves as a complement to Hadrius' already popular Employee Trade Surveillance, offering chief compliance officers (CCOs) a comprehensive view of both client and employee trading activities. By utilizing the innovative Zero Data Retention AI, the system can perform its functions without retaining or storing sensitive trading data. This architectural choice notably sets Hadrius apart from its competitors who utilize data pooling methods.

Som Mohapatra, Co-Founder of Hadrius, emphasized the need for compliance officers to maintain both speed and control over data, stating, “CCOs shouldn't have to choose between faster surveillance and data control. With Client Trade Surveillance, firms get real-time scale across all client accounts without sacrificing data ownership.”

Features of Client Trade Surveillance

The new system addresses the complications often faced by CCOs, such as isolated tools, spreadsheets, and post-trade certifications that can hinder efficiency and increase regulatory risks. Key features include:

1. No-Code Rule Builder: Allows compliance teams to create and deploy new rules in a matter of minutes without technical assistance.
2. Unified Rule Engine: Implements the same policy logic for both client and employee trades, enabling immediate detection of exceptions.
3. Comprehensive Data Ingestion: Incorporates data feeds from numerous major custodians like Schwab, Fidelity, and Pershing, reducing potential blind spots.
4. Severity-Ranked Alerts: Automates routing and escalation of alerts, establishing clear links between trades and communications for thorough investigation.
5. Audit-Ready Reporting: Provides live dashboards and one-click reports that streamline the regulatory compliance response process.
6. Zero Data Retention AI: Ensures that surveillance signals are generated without retaining trade data, adhering to stringent governance standards and enhancing the control over sensitive information.

Business Impact for Financial Firms

Implementing the Client Trade Surveillance system can significantly consolidate oversight across various trading populations, providing a 360° view of risks within a single dashboard. This all-in-one approach not only eliminates the challenges posed by using fragmented tools but also enhances operational efficiency for compliance teams, with an average annual savings reported to be over $35,000 per team. Currently, Hadrius is responsible for monitoring over $2 trillion in assets under management across more than 400 financial firms.

Availability and Next Steps

The Client Trade Surveillance product is currently available as a standalone solution and can be integrated with existing Employee Trade Surveillance systems for a seamless oversight experience across all monitored accounts. For interested firms, a demonstration is available upon request. Potential users can visit www.hadrius.com or contact their sales department to schedule a tailored live demonstration.

About Hadrius

Hadrius has established itself as a trusted leader within the realm of AI-driven compliance software, specializing in an array of solutions encompassing trade surveillance, communication reviews, and overall firm oversight. Their mission aims to empower financial institutions to modernize systems, expedite compliance reviews, and better manage risk through innovative technology.