Announced today during the 83rd annual conference of the Security Traders Association of New York, SageTrader has deployed the cloud version of the Validus platform for trade surveillance.

SageTrader is leveraging the Validus approach to trade surveillance combining both machine-learning (ML) and procedural technologies to detect potential manipulative behavior and insider trading. Validus is the only trade surveillance solution that offers both the ML and procedural approach in one seamless package, resulting in reduced instances of false positives and increased analysis of valid alerts.

Eventus CEO Travis Schwab said: "We're very proud to work with SageTrader to meet the firm's equity trade surveillance needs. This is a great example of how our machine-learning capabilities provide a real value-added service to a client."

Dan Weingarten, SageTrader CEO, said: "Since our implementation of the system in the fourth quarter of 2018, we have been particularly pleased with the Validus system and the entire Eventus team. Eventus offered many out-of-the-box integrations that allowed us to quickly deploy the system into our infrastructure and start processing and analyzing our trade data. We're committed to having a robust surveillance infrastructure while giving our compliance staff a great tool for one of their most critical functions."