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Welcome to The Surveyor Monitor, a new monthly newsletter highlighting Surveyor’s latest updates and industry perspectives. Here’s where you’ll learn the latest on our work to help you remain compliant while protecting your bottom line.
Recently, a lot of that work has revolved around ETFs. ETFs were identified as a surveillance priority in FINRA’s 2023 Examination and Risk Monitoring Program report. Now, one year later, any grace period that market participants might have expected is over. Firms are reporting an uptick in regulatory inquiries regarding their ETF trading, and it’s only a matter of time before enforcement actions follow.
That means it’s time to be proactive. If you trade ETFs, you need to have in place a high-performance, scalable, and economical trade surveillance solution built for the complexities of this market. At the same time, we are actively working to enhance and refine our ETF surveillance, incorporating additional datapoints into our alerts to help ensure you never miss a beat.
We’re also reexamining our current solutions on a more holistic level. To that end, we are currently scheduling executive business reviews (EBRs) with our clients. We welcome the opportunity to learn about your strategic objectives and experience with our products, as well as to preview our roadmap, share our observations, and discuss how we can comprehensively meet your surveillance needs over the long haul.
One of the reasons we started this newsletter is to foster active communication and increased partnership with our clients. To that end, if you’d like to get an EBR on the books, please reach out to us. Similarly, if you’d like to be involved in testing or defining requirements for our enhanced ETF surveillance, let us know.
Read on for more updates on what we’re up to and where we’re going. We look forward to hearing from you!
– Lisa Balter Saacks, President, Trillium Surveyor
Product Spotlight: Trend Visualization
Users can now assess key surveillance trends at a glance – account by account, market by market, etc. – to take a more holistic view of their trading.
Company News
Management
Lisa Balter Saacks as President. Lisa brings a wealth of SaaS and fintech expertise, with an impressive track record of building and scaling B2B revenue organizations.
Business Development
Robert Cope as Director of Business Development and Kyle Kovacs as Technical Account Manager. Both Robert and Kyle moved over from Trillium Trading and bring an intimate understanding of the value and requirements of effective trade surveillance.
Where We’ve Been, Where We’re Going
STA Chicago Mid-Winter Meeting
Earlier this month, our team hit the Windy City for STA Chicago’s 98th Annual Mid-Winter Meeting. We valued the opportunity to see so many new and familiar faces and share our story with the capital markets community.
One highlight from the program was the “Digital Asset for Future Investors” panel, which included Katherine Kirkpatrick Bos, Chief Legal Officer at Cboe Digital, as a featured speaker. She discussed (among other things) how her firm views these markets today and its future plans in the digital asset space. We applaud Cboe’s intellectual leadership on this topic and look forward to discussing how we can continue to enhance our surveillance of these markets with our clients and the industry at large.
Looking Ahead
We’ll be attending several events over the next few months. If you’ll be onsite or in town, be sure to say hello! Email Rob Cope to set up a meeting.
- STA Florida 42nd Annual Conference
- SIFMA C&L Annual Seminar
- FIA Law & Compliance Division Conference
Crowdsource Corner
We want to hear from you! As we work the conference circuit over the next few months, what topics related to trade surveillance or the markets at large do you want to hear about? We’ve suggested a few ideas below as a starting point, but ultimately, we want to make sure we’re addressing what matters most to you:
- Emerging regulatory priorities and how they relate to trade surveillance
- Keys to reducing false positives and more streamlined experiences for compliance professionals
- How to create a culture of compliance at your business
We’ll tackle the most compelling idea in a future newsletter, so don’t hold back!
