NYSE Regulation Taps Cinnober for Market Surveillance
![Photograph of the New York City skyline including the Chrysler Building Photograph of the New York City skyline including the Chrysler Building](/sites/default/files/styles/landscape_750_463/public/import/IMG/716/299716/new-york-new-york.jpg.webp?h=f110f4cc&itok=RlTLD328)
NYSE Group, which comprises three equities exchanges and two options exchanges, will expand its market surveillance, investigation and enforcement program through NYSE Regulation upon the expiration of the contract with the Financial Industry Regulation Authority (Finra) on December 31 2015.
“Exchanges are the ultimate gatekeepers with a mandate to ensure market integrity,” says Michael Grecoff, head of sales, market surveillance systems, at Cinnober. “The Cinnober Surveillance system will play a very important role in assisting NYSE with its duty to the markets.”
The Cinnober surveillance system, powered by Scila, has already been implemented by other exchanges, including Deutsche Börse, Eurex, and the Stock Exchange of Thailand.
NYSE Regulation has also appointed Adam Wasserman as its head of enforcement. Wasserman previously served as a partner for Dechert law firm, where he was a senior member of its white collar and securities litigation group.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.
Natixis refines in-house interoperability model
The French asset manager has refined its canonical data model over the last decade, as the interoperability movement continues to evolve.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
IEX Cloud closure forces fintech clients to seek data alternatives
IEX says it is ditching its unprofitable data arm to focus on its core exchange business, but other vendors believe they can turn a profit from its former client base of fintechs, retail investors and some institutions.
This week: Nasdaq/IDX, IMC/Cboe, S&P, and more
A summary of the latest financial technology news.