NEW YORK--(BUSINESS WIRE)--Trillium, a premier trading technology provider, today announced that independent execution broker Lightspeed Trading, a unit of Professional Trading Solutions, Inc., has selected Trillium’s Surveyor enterprise software to provide market surveillance and post-trade analytics.
Surveyor is the only product that analyzes full depth-of-book market data – more than a billion order messages every day – and compares them to individual order activity. This patented process enables firms to more accurately detect order-based manipulation, including layering and spoofing, insider trading, closing price manipulation and two-sided trading.
Surveyor provides greater visibility into trading activity and allows for quicker, more fulsome responses to inquiries from regulatory bodies about specific trades or trading patterns and gives companies the necessary documentation to clearly show examiners and regulators what happened. Surveyor is cloud-hosted and utilizes a virtualized client requiring no local installation.
“Lightspeed is committed to continuously improving our compliance technology,” said Farid Naib, CEO of PTS. “We tested Trillium’s Surveyor product in depth and found it to be an effective addition to our compliance toolkit and an excellent way for us to detect and take action against potentially improper trading behavior.”
“Surveyor allows firms like Lightspeed to meet the stringent monitoring requirements demanded by regulators without adding unnecessary burdens on a firm’s compliance or legal compartments,” said Barry Schwarz, CEO of Trillium. “Our zero installation footprint allows Lightspeed to be up and running right away just by sending us a simple order file.”
About Trillium
Trillium is a diversified financial services firm operating three business lines: a proprietary intraday equities trading group; an investment management group; and Trillium Labs, a trading technology development group and the creator of Surveyor, a post trade analytics and market surveillance tool designed to detect and eliminate market manipulation. Trillium is headquartered in New York City, with trading floors in Chicago, Miami and Princeton. For additional information, please visit www.TRLM.com.
About Lightspeed Trading
A subsidiary of Professional Trading Solutions, Inc., Lightspeed Trading, LLC, is a FINRA and NFA member and a fully disclosed introducing broker-dealer based in New York City and Chicago. The company offers securities and direct access brokerage, trading and advanced order routing services to their clients utilizing Lightspeed’s software products. Lightspeed Institutional is a division of Lightspeed Trading, LLC.
