This integration, as well as brokerage-specific enhancements to the ERASE Financial Crime Suite, will allow customers to prevent market abuse, minimize trading risk, and ensure compliance.

By integrating ERASE with IMS, brokers and securities traders can now verify if a transaction is permissible before they invest in shares. The system checks the current market situation, the current compliance legislation and the internal compliance rules of the investor's employer to make a stop or go decision. With this decision made, employees can trade safely without having to fear legal consequences for insider trading.

"ChecknTrade provides the ERASE Financial Crime Suite with a highly effective technology for monitoring trading activity," said Ronald van Vlaanderen, Director of Product Management at NetEconomy. "These complementary technologies will vastly improve how brokerage and securities firms monitor and manage insider activity, in order to reduce risk exposure, legal consequences and reputational damage."

"ChecknTrade has long been the watchdog for brokerage compliance, building technologies and methodologies to address the changing regulatory environment," said Jan Marten Visser, CEO of ChecknTrade. "We are pleased that NetEconomy has chosen to adopt our innovative Insider Management System (IMS) to expand their solution offerings." Clients of NetEconomy and ChecknTrade already see the benefit of these complementary technologies and are currently investigating to make the next step to increase their operational efficiencies, reduce costs and have a greater business insight into risk.

Monitoring to Detect Market Abuse
ERASE now offers complete coverage for detecting market abuse. Combining IMS with the development of new Risk Views, the ERASE Financial Crime Suite can prevent abusive trading practices such as late trading, washed trading, parking investments, smurfing, front running, and market timing.