Convergex Taps Ancoa for AWS-Hosted Market Surveillance Platform
Agency-only brokerage taps Ancoa for hosted platform in response to increasing regulatory demand for market surveillance tools.
The surveillance platform will monitor trading activity across asset classes and regional jurisdictions on all Convergex-operated lit and dark venues, most notably its proprietary Millennium alternative trading system (ATS).
The introduction of the Market Abuse Regulation (MAR) in Europe in July last year, and similar regulations from Financial Industry Regulatory Authority (Finra) in North America, have changed the way market participants, especially venue operators such as Convergex, are
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