NEW YORK--(BUSINESS WIRE)--Trillium today announced that Surveyor, Trillium’s trade surveillance platform, now covers the U.S. equity options and options on futures markets.
A series of upgrades being rolled out this month will review options trading data, identifying potentially manipulative trading patterns both within a single options instrument, between different options instruments, and between options and their underlying stock or futures contract. The latter of these patterns was the subject of an enforcement action filed last month against a New York brokerage firm that did not have an adequate trade surveillance program.
With the addition of options, Surveyor’s surveillance capabilities now cover the equities, futures and options markets.
“We found that more and more of our customers aren’t limiting their trading to equities or any one asset class,” said Trillium CEO Barry Schwarz. “We worked to add options because our clients want a unified solution for conducting surveillance across all of their trades.”
Surveyor emphasizes a visual approach to trade surveillance. Its user interface was designed by award-winning UI/UX architects, and includes a natural language story panel that explains why each alert was generated. A case study on Surveyor’s design is available here.
“We are excited to be able to offer our next generation trade surveillance platform to the options industry,” said Trillium Chief Compliance Officer Michael Friedman. “We look forward to showing options traders how much more accurate and efficient their trade surveillance programs can be with the right tools for the job.”
Trillium will be demonstrating Surveyor’s new features at the Options Industry Conference in Scottsdale on May 10-12, 2017.
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.