B-next ships CMC:Lite

Source: b-next

B-next, a specialist provider of Market Abuse Surveillance, Insider Dealing, Best Execution and Compliance software solutions, announces CMC:Lite, an entry level version of its successful CMC:Suite.

This unique service provides clients with a key set of compliance scenarios required to perform effective surveillance and analysis of trading activity. b-next has identified the core functional requirements needed for a firm to become compliant with their market abuse and best execution obligations. These have been packaged in CMC:Lite along with market data and system hosting. This service and the wide range of available b-next surveillance scenarios help financial institutions to meet regulatory requirements such as those established by ESMA and MAD as well as other national and international supervisory authorities. The system is simple to use, ready to implement and cost effective to maintain.

The full b-next CMC:Suite includes four monitoring services: Market Abuse, Insider Compliance, Trade Surveillance, and Best Execution. Each of these important functions performs compliance monitoring intelligently and systematically, generating surveillance alerts that can be easily investigated using in-depth charting, market analysis and comprehensive workflow management.

Wolfgang Fabisch, CEO of b-next, says, "Increased pressure from national regulators, combined with the introduction of ESMA guidelines and the forthcoming revision of the Market Abuse Directive means that all financial institutions are under intense pressure to improve their compliance processes across the board and in particular in the area of automated market abuse surveillance. We havelistened to the market and we have responded by launching b-next CMC:Lite."

This additional service provides a timely and cost effective solution to regulatory compliance. Customers choosing CMC:Lite will benefit from b-next's deep market knowledge, generated from over 20 years of experience in providing surveillance tools covering all asset classes including equities, fixed income, derivatives as well as OTC traded instruments. The ease and speed of implementation means that institutions canns can go live with CMC:Lite in a tight time frame, addressing their compliance needs quickly and protecting their business from potential regulatory fine and reputational loss. 

Comments: (0)