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NICE Actimize SURVEIL-X selected by investment platform eToro

By Edil Corneille

July 02, 2020

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NICE ActimizeMulti-asset investment platform eToro, has selected NICE Actimize, a NICE business, to implement the SURVEIL-X Markets Surveillance solution. Focused on providing access to global financial markets, eToro currently has a collaborative community of over 13 million registered users located in more than 100 countries.

Leveraging NICE Actimize’s SURVEIL-X Markets Surveillance solution, an integral part of its SURVEIL-X Holistic Surveillance suite, eToro will augment its critical compliance infrastructure to guard against market manipulation and ensure compliance across its trading products, targeting support for equities, commodities, ETFs and CFDs among others. eToro will also utilize NICE Actimize’s case management capabilities.

Avi Sela, COO, Toro stated, “As a global, multi-asset investment platform, we are committed to providing a reliable, fully compliant brokerage experience, protecting customer assets while offering full transparency and meeting the needs of global regulators.”

“To accomplish this, we chose financial markets compliance innovator NICE Actimize to provide solutions which address the rapidly changing landscape. We required a solution that would adapt to the broad range of emerging assets we offer, and NICE Actimize was the choice which had the adaptability to meet our current and future needs.”

The SURVEIL-X Markets Surveillance application enables securities trading firms to quickly and cost-effectively detect sophisticated forms of market manipulation including pump and dump, layering and insider trading. SURVEIL-X Markets’ configurable rules engines reduce false positives and costs by enabling firms to tailor alert thresholds to their customers’ trading activity.

“As we serve the global investment community, we provide broad, consistent global coverage via standard models for equities, fixed income, foreign exchange, swaps, futures and options along with ease of deployment and seamless scalability,” said Chris Wooten, EVP, NICE.

He added, “With more than 12 years’ experience implementing OTC instrument markets surveillance, our out-of-the-box detection scenarios provide superior analytics that have been successfully implemented by numerous top tier global clients. We recognize eToro’s commitment to the highest standards of customer safeguards and are excited to provide its global investment platform secure and cost-effective protection.”

Offering premium surveillance capabilities without the expense of on-premise solutions, the SURVEIL-X Holistic Surveillance cloud-native suite offers faster deployment; reduced infrastructure; operational, training and maintenance costs; hassle-free upgrades; seamless scalability; improved resiliency and security.

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