Mantas, a business of i-flex solutions and a provider of regulatory compliance, loss prevention and revenue generation solutions, today announced that Friedman, Billings, Ramsey & Co, an operating subsidiary of Friedman, Billings, Ramsey Group, (Nyse: FBR), will implement Mantas Trading Compliance Solution for use in its equities group.
Founded in 1989, FBR is a top ten investment bank with a national franchise and one of the strongest equities distribution capabilities in the securities industry.
"Financial institutions of all sizes are looking for enterprise-wide solutions that address current and evolving regulations regarding broker surveillance, trading compliance, anti-money laundering and other crucial purposes," said S Ramakrishnan, CEO of Mantas. "Solutions based on our award-winning Mantas Behavior Detection Platform are designed to adapt to new regulations and threats - and that's a key factor for many clients."
According to Eva Weber, Analyst at the Aite Group, "Firms are increasingly looking at enterprise-wide solutions that not only provide a full picture of all trading behavior, but also generate insights for current and evolving regulatory requirements. Adopting a compliance framework which monitors firm-wide trading activity is a crucial first step toward achieving this goal."