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Earlier this month, our team had a worthwhile experience tuning into FINRA’s 2024 Annual Conference. It was valuable to hear both regulatory and industry perspectives on some of the most pressing issues facing the markets today, from ongoing supervisory initiatives to the adoption of emerging technologies like AI.
The theme of this year’s event was “Navigating Change,” and the speakers rose to the occasion when it came to emphasizing this idea. One particularly compelling speaker was Stephanie Dumont, EVP, Market Regulation and Transparency Services at FINRA, who provided some interesting updates on the organization’s work to protect investors and promote market integrity.
One of Dumont’s statements that stood out was her acknowledgement of the challenges around monitoring traders’ use of social media, particularly with regard to short selling – the real-time, anonymous nature of these channels can make it very difficult to detect and adequately respond to manipulation. She did, however, cite some of FINRA’s efforts to combat these activities, including ongoing enhancements to its Cross-Market Supervision Report Cards.
This was gratifying to hear. Surveyor is aligned with FINRA’s stated priorities for promoting fairness and transparency: just like FINRA’s experience with social media, our clients and prospects are facing more challenges than ever when it comes to detecting and addressing manipulative trading activity across their organization. We are committed to enhancing our platform with intuitive experiences that enable users to understand transactions on a deeper level and take appropriate action when required. One of these features, our new Trends page, is highlighted later in this newsletter.
As a technology provider, we may not have the same regulatory mandate as FINRA, but we are proud to be on the same page in terms of what it will take to promote effective supervision of trading activity.
– Lisa Balter Saacks, President, Trillium Surveyor
Product Spotlight
Now Live! Introducing Our New Trends Page
The 2024 FINRA Annual Regulatory Oversight Report stresses the importance of monitoring for patterns of suspicious trading activity across multiple customers and multiple days. Our new Trends page is built to support this key regulatory priority.
Users can now intuitively visualize accounts that are generating the most alerts, view trends over weeks and months, and easily identify repeated manipulative patterns across individual or multiple accounts.
We want your feedback! If this tool sounds useful to you or if you’ve already had a chance to try our new Trends page, scroll to the bottom of this email to ask questions or send us your comments.
Company News
Surveyor Ads Stirlingshire to Client Roster
In the past month, we’ve added Stirlingshire, a New York-based broker-dealer and RIA focused on disrupting the asset management landscape, to our client roster. Our straightforward onboarding process, intuitive user experience, and lack of costly licensing and implementation fees will reduce risk of regulatory noncompliance while safeguarding the bandwidth of Stirlingshire’s small compliance team.
Where We’ve Been, Where We’re Going
FIA Law & Compliance Division Conference
We enjoyed connecting with legal and compliance professionals in the cleared derivatives industry last month at FIA’s L&C 2024. We found it to be a worthwhile program covering the latest regulatory developments, enforcement cases, and compliance strategies.
NYSE Women’s Golf Event 2024
On May 21, our President Lisa Balter Saacks hit the links for an enjoyable day of golf and networking at NYSE’s 2024 women’s golf event. It was a great day of meeting old and new friends while workshopping our swings. Lisa had the chance to play with an exceptional group of women who represent the next generation of women in capital markets. We even managed to have some compelling conversations on trade surveillance in the process!
STANY Women in Finance Spring Fundraiser
Unleash your inner artist and get involved in this paint and sip event! On June 10, Surveyor will sponsor the STANY Women in Finance Spring Fundraiser to benefit Girls Inc. of NYC, a 501(c)(3) nonprofit that inspires all girls to be strong, smart, and bold through education and advocacy. Only a few spots remain! Join us for a fun evening of creativity, networking, and wine.
Looking Ahead
Next month, we are sponsoring the XLoD Global New York event on June 11. If you’ll be onsite or in town, be sure to stop by our booth and say hello! Email Rob Cope to set up a meeting
Crowdsource Corner
We want to hear from you! We are constantly working to improve Surveyor’s ability to quickly identify suspicious activity – and our new Trends page is just the latest example. From taking a more comprehensive view of your firm’s trading activity to satisfying specific regulatory priorities, we want to align our innovation with your most pressing needs.
With that, we ask: how will you harness the power of our Trends page, and what feedback do you have on this new functionality? Email Technical Account Manager Damon Grandbouche to let us know, or to join our user groups to weigh in on future beta releases.
