Last year, we announced the release of the financial industry’s first fully hosted, machine-learning-powered solution for trade surveillance and compliance, TT Score (Make Surveillance Smarter and Eliminate Blind Spots With TT® Score).
All posts by Jay Biondo
Sales Specialist - Surveillance
The Commodity Futures Trading Commission (CFTC) brought a record 26 cases related to manipulative conduct and spoofing in the fiscal year ended September 30, 2018. Several of those civil cases were also accompanied by criminal charges filed by the Justice Department.
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Last night in Singapore, TT Score was named “Best New Product: Market Surveillance” at the FOW and Global Investor Asia Capital Market Awards. As TT Score marks Trading Technologies’ first market surveillance product, it’s a thrill for us at TT to be recognized at this prestigious annual event.
In our previous two blog posts, Make Surveillance Smarter and Eliminate Blind Spots With TT Score and Supercharge Your Spoofing Surveillance with TT Score, we described how TT Score utilizes advanced machine learning technology to detect and score complex patterns of manipulative and disruptive trading activity, including but not limited to spoofing, layering, flipping, vacuuming and momentum ignition.
In this post, we will discuss the next phase of TT Score’s evolution, which is the integration of TT Score with the TT platform.
This article was originally published by the National Society of Compliance Professionals. It was co-authored by Jay Biondo, Product Manager, Surveillance, Trading Technologies, along with James G. Lundy, Partner, and Nicholas A.J. Wendland, Counsel, both of Drinker Biddle & Reath LLP.
Trading Technologies’ TT Score is an ideal trade surveillance and compliance solution for detecting trading activities that could potentially be flagged as spoofing by regulators. By using machine learning technology, TT Score identifies patterns of behavior that may prompt regulatory inquiries so that quick corrective action may be taken before the activity becomes an issue for the firm.