Trade Surveillance

Trillium Surveyor’s platform is the culmination of firsthand industry experience in achieving the depth, accuracy, and efficiency required for effective trade surveillance. The result: a robust and elegant solution that reduces your risk of regulatory fines.

In-Depth Detection. Extensive Coverage.

Built on high-performance technology, Surveyor minimizes the risk of regulatory enforcement actions while supporting your expansion into new markets and asset classes.

Hyper-Accurate Detection

Catch an extensive range of critical market manipulations, including spoofing, layering, front-running, marking the close, insider trading, and many more

Fewer False Positives

Reduce the number of false positives flagged by our system with powerful manipulation filters, saving time spent investigating compliant trading activity

Robust Asset Class Coverage

Perform global trade surveillance across equities, bonds, options, futures, digital assets, and more

Cross-Product Manipulation

Detect even the most complex cross-product schemes and demonstrate vigilance on this key regulatory priority

An Elegant User Experience

The tools, views, and workflows you need for a faster, more efficient, and more accurate approach to trade surveillance
Trend Analysis

Gain a bird’s-eye view of your firm’s trading health and how it’s trending across instruments, accounts, and time by exception type

Discover new events flagged by our system as easily as you would open an email, with a natural-language storyboard that plainly explains why each alert was generated

Leverage an extensive toolset to investigate exceptions by visualizing orders, position changes, market depth, prints, and relevant news stories. Easily view detailed statistics overlayed on your data

Use built-in workflow tools to review and label exceptions, run quality control checks, and share findings with external parties. Reduce the time your team takes to complete exception audits

A full range of cutting-edge tools to detect market abuse

Patent-Powered Trade Surveillance

Our patented trade surveillance methodology uses hyper-accurate manipulation filters to detect the most actionable order routing events, so you can avoid sifting through nonmaterial alerts.
Surveyor’s detection methodology is protected by US patent 8,751,372

Less Risk
While Saving Time

Surveyor helps you build a culture of compliance while accelerating the trade surveillance lifecycle.

Reduced Reviewer Hours

Fewer false positives and a clean, configurable interface enable focused experiences, dramatically reducing time spent reviewing alerts

Reduced Compliance Hours

Granular data analysis tools and clear reporting capabilities cut the time required to communicate and close issues

Reduced Legal Hours

Our support team and regulatory experts stand ready to support you as you navigate new rules, emerging enforcement trends, and the latest regulatory priorities

Reduced Developer Hours

Rapid onboarding gets you up and running quickly, while our engineers replace the internal development time spent maintaining functionality and security

Trade Surveillance in Focus

Regulatory requirements are increasing. The markets have never been more complex. We’re monitoring it all so you can stay informed.

Fast Facts on Trade Surveillance

79%

Trade surveillance enforcement actions involving layering, spoofing, or marking the close, some of the most complex behaviors to detect (Deloitte)

141%

Projected growth in trade surveillance market size between 2022 and 2027 (Markets and Markets)

May 2025

Effective date of SEC’s expanded dealer definition, requiring previously unaffected firms to register with FINRA

Trade Surveillance for All

No matter your role in the markets, execution quality and post-trade analytics are fundamental to an effective regulatory compliance program. Broker-dealers, introducers, and market makers alike – whether working in retail or institutional – need to know that they are covered.