Trade guard solutions
TGS leverages a robust and comprehensive library of trading behaviour patterns to help companies monitor activities and detect actions that can lead to non-compliance with regulation and loss of reputation in the market. The areas of coverage include (and much more than these examples):
MARKET MANIPULATION AND ABUSE
Marking the Open/Close, Spoofing and Layering, Wash Trading and Parking, Spoofing and others
INSIDER TRADING AND CONTROL ROOM
Trading Ahead of Material Events, Front Running Related Products, Trading Against Restricted Lists
OFF MARKET PRICING AND BEST EXECUTION
Off Market Fair Pricing, Excessive Markups/Markdowns, Price Dis-improvement, Order Execution Un-timeliness
ADVANCED FRAUD SCHEMES WITHIN MARKET PRICES
Sophisticated schemes used for money-laundering or for personal enrichment by traders and clients at the expense of the employer/clients
STRAIGHTFORWARD OFF-MARKET PRICING
Straightforward off-market deals
SOPHISTICATED OFF-MARKET PRICING
Sophisticated off-market deals with no precise market prices for given historical dates (OTC options, SWAP, REPO, IRS, CIRS)
DISGUISING OFF-MARKET DEALS AS MARKET ONES
Price manipulation by individual traders in low liquidity markets aimed to make off-market deals look like market ones
POSITION PARKING
End-quarterly/end-yearly balance sheet window dressing activity to hide losses. Detection of loss-making position parking to preserve traders’ bonuses. Profit-making position parking aimed to side-step position limits and enhance market exposure
ILLEGAL TRANS-BORDER CAPITAL DEALS
Free-of-delivery trans-border fund channeling via financial markets
WASH TRADES
Transactions aimed to transfer clients’ funds illegally into other banks or special purpose vehicles via closed-loop stock-exchange and OTC paired transactions