On December 10, at a gala dinner in London, Cinnober received the 2013 “Best new market surveillance product” award from Futures & Options World.
Cinnober delivers the service solution Cinteg to help market participants manage increased regulatory requirements for monitoring and gatekeeper obligations on trading and monetary transactions. Cinteg is a fully managed service based on Scila Compliance, allowing participants such as investment banks, brokerages and proprietary trading firms to ensure that they act in accordance with regulations, market rules and internal policies.
Market-specific and customized alerts, tailored reports, anti-money-laundering functions and integrated case management help make trade surveillance in a complex trading world efficient and straightforward. Cinteg not only monitors traditional scenarios, but also high frequency trading, abusive trading patterns and entity relationships.
“The stakes are too high for market participants who fail with trade surveillance today”, says Michael Grecoff, Head of Sales Market Surveillance Systems at Cinnober. “Not only considering the heavy fines and reputational risks if not complying with supervision requirements, but also the magnitude of potential losses from faulty trading algorithms. Cinteg is a highly efficient and easily customizable tool working as an extension of the compliance officer’s arm with a set of functions to help prevent undesirable behavior in a complex, high-transaction market.”
Cinteg – short for Cinnober Integrity - is a SaaS (Software as a Service) solution delivered by Cinnober’s service organization and powered by Scila.