The firm will use the solution to monitor its worldwide trading activities in an effort to meet its compliance oversight obligations across all the energy markets in which it participates, including oil, natural gas, liquid natural gas, power and more. Being a recognized industry leader in securities trading surveillance and compliance technology, this important energy trading engagement demonstrates the company's strategy to expand into the energy sector. This success extends NICE's existing presence in this market with its industry leading compliance recording solution which is deployed at many of the world's leading trading floors including this institution.

NICE Actimize solutions are currently used by many of the world's largest investment banks and brokerages. Penetration into the energy trading surveillance market leverages the company's proven leadership in the risk and trading compliance market. Energy markets are undergoing significant changes, and recent industry research done by NICE Actimize shows that organizations are challenged to meet various energy trading compliance requirements. As scrutiny and enforcement increases across the energy trading industry, technology is being used to help energy firms of all kinds comply with existing and emerging regulatory standards set forth by organizations such as the U.S. Commodity Futures Trading Commission (CFTC), Federal Energy Regulatory Commission (FERC), and Federal Trade Commission (FTC). The Actimize Energy Trading Surveillance solution is designed to support firms' long-term strategic objectives by providing the flexibility needed to grow and adapt the solution over time, as regulatory requirements evolve.

The Actimize Energy Trading Surveillance solution allows energy trading firms to monitor physical, as well as over-the-counter, trades in real-time by easily mapping to existing data structures. Sophisticated analytical models detect compliance matters such as manipulative trading activities, allocation and reporting irregularities and affiliate trading conflicts. Further, the solution's comprehensive case management, query and reporting capabilities facilitate effective compliance operations and oversight capabilities, allowing organizations to demonstrate an adequate system of supervision across the enterprise.

"The selection of our Energy Trading Surveillance solution by this leading global firm reaffirms our position as an industry leader in regulatory compliance solutions," said Amir Orad, president and chief executive officer of NICE Actimize. "The current regulatory scrutiny faced by the securities and commodity markets presents a unique opportunity for NICE Actimize to leverage our existing leadership in the financial services market--providing surveillance technology to the top institutions and developing new products that support the energy and commodities trading industry's evolving compliance needs."