SIA EAGLE Surveillance - Post Trade Alarm Templates

A set of pre-defined algorithms to identify potential market abuse and manipulation practices via a daily screening of all market transactions.

Diagnostics are based on a set of pre-defined algorithms to identify potential market abuse and manipulation practices via a daily screening of all market transactions (orders, trades, quotes and cancellations) selecting a subset of transactions to be further analyzed with a complete audit process.

Starting from the Diagnostics envisaged within the European Directive and IOSCO principles, SIA has designed a full set of Diagnostics processes allowing the surveillance department to efficiently and effectively discover possible market abuses.

The implemented detection methods are based on calculated measures, e.g. investor daily trading volume in a financial instrument and market; measure are mainly ratios, percentage differences etc., having relative values that automatically follow markets evolutions that are compared to user-defined thresholds; detection algorithm checks selected variables against the relative thresholds, highlighting relevant behaviours.