NEW YORK--(BUSINESS WIRE)--Trillium, a premier trading technology provider, today announced that Stock USA Execution Services, Inc. (“Stock USA”) is deploying the company’s Surveyor product to provide market surveillance and post-trade analytics.
Stock USA is a registered broker-dealer, Member FINRA, SIPC will roll out Surveyor for all U.S.-based trades by the end of the year.
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 allows firms like Stock USA to easily and accurately monitor their customers’ order flow for improper trading,” said Barry Schwarz, CEO of Trillium. “We are happy to welcome Stock USA into our family of Surveyor users, and look forward to CEO Craig Manderson and his Stock USA team enjoying the productivity gains that come from using this superior surveillance tool.”
“Surveyor results are very accurate and makes analyzing events quick and intuitive, which allows us to spend more time growing our business.” said Craig Manderson. “That’s important for a rapidly growing firm like ours.”
Surveyor has seen rapid interest since its launch last year. Originally developed as an in-house tool for Trillium’s proprietary trading division, Surveyor is focused on becoming an industry-leading tool to monitor trading activity. Implementing effective surveillance tools is more important than ever as the SEC and other regulators increase enforcement of spoofing, layering and other forms of market manipulation.
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 Stock USA
Stock USA was founded in 1999, is a registered broker-dealer Member FINRA, SIPC based in New York and operates under DBA SpeedTrader and SpeedtraderPro. The firm specializes in agency based, online trading with over 30 direct access trading connections including: streaming real-time market data, intelligent order routing, watch lists, customizable charts, and alerts to help protect positions, stocks, and options. For more information: Call 800-874-3039 or visit their websites at: www.speedtrader.com or www.speedtraderpro.com.