Source: Financial Tracking Technologies
Financial Tracking Technologies, LLC, announced today the launch of its newest compliance module for detecting spoofing activities.
“Designed for money managers, mutual funds, broker/dealers and hedge funds, this comprehensive tool can be used to automatically analyze capital markets and trade activities and signal when unlawful market manipulations occur,” said Doug Levy, Product Manager at the company. The spoofing module will flag artificial price pushing in a certain direction, enabling the spoofer to always buy low and sell high with their orders. “What’s best about the online tool is that it’s available as part of the investment operations compliance module, the industry’s leading solution that protects against the SEC’s recent data driven enforcement activities,” Levy said.
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