Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

22630

Dinosaur Merchant Bank deploys Ancoa surveillance to meet MAR

RELATED TOPICS​

Dinosaur Merchant Bank has deployed Ancoa’s surveillance platform to monitor its equity trading activity for instances of market abuse and to meet their obligations under the Market Abuse Regulation (MAR).

Dinosaur Merchant Bank combines global investment banking and advisory services, a full-service institutional brokerage and investment adviser services.
 
The rollout of MAR in July 2016 requires financial institutions to monitor trading activity for instances of market abuse. In line with MAR and for the first time, market surveillance platforms chosen by market participants must capture orders (including those that do not proceed to execution) as the existing obligation to report Suspicious Transactions (STRs) has been extended to include Suspicious Transaction and Order Reports (STOR).
 
Dinosaur Merchant Bank has selected Ancoa’s surveillance platform to enable automated monitoring of all their equity trading activity in line with MAR. Ancoa takes an alternative approach to market surveillance overlaying multiple different data sources to deliver a contextual view enabling firm's to spot market abuse or potential market manipulation and reduce false positives as well as blind spots. Ancoa's contextual approach reconciles siloed data sets, from trading data to electronic communications, financial news and social media channels in order to construct a comprehensive picture of trading activity. Ancoa can be deployed across all asset classes in all jurisdictions.
 
Philip Green (pictured), sales trader, Dinosaur Merchant Bank Limited, says: “We carried out a thorough review of surveillance capabilities in the marketplace and chose to partner with Ancoa because their platform offers a more complete solution not only for our current but also our future needs. Furthermore, we found the platform easy to use both in the front office and by our compliance teams, ensuring we have one platform upon which to track and report any potential instances of market abuse as appropriate.”  
 
Stefan Hendrickx, founder and executive director, Ancoa, adds: “We are delighted to provide our surveillance capabilities to Dinosaur Merchant Bank Limited and help them achieve MAR compliance. Our teams collaborated throughout the process to ensure that monitoring parameters and alerts were systematically reviewed and calibrated in line with Dinosaur Merchant Bank Limited’s surveillance requirements under MAR. We look forward to developing our relationship with both the business and compliance teams in the future.”

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by