Ancoa wins ‘Best Market Surveillance Product’ at the 2016 Operational Risk Awards
LONDON, 15 June 2016 – Ancoa, provider of contextual surveillance and insightful analytics for exchanges, regulators, buy- and sell-side firms, has been awarded ‘Best Market Surveillance Product’ at the 2016 Operational Risk Awards. Ancoa was selected for its ability to demonstrate “real-time surveillance capabilities for both internal and external obligations, including pattern-recognition software and case-building capabilities.”
The annual Operational Risk Awards honour excellence in operational risk management, regulation and risk management service provision; the vendor categories have been judged by a carefully selected panel of operational risk practitioners and other industry experts.
Stefan Hendrickx, Founder and Executive Director, Ancoa, said: “We are thrilled to be awarded ‘Best Market Surveillance Product’ for this year’s OpRisk awards. With the Market Abuse Regulation coming into force in less than a month, the focus for both regulators and businesses is on compliance with surveillance obligations. More than ever before, trading firms are under intense scrutiny to prove they have adequate surveillance systems in place, to detect and deal with potential market manipulation.”
He added: “This is a great recognition for our team, who have worked tirelessly to ensure that our market surveillance capabilities are fit for purpose and we know that market participants can fulfil their surveillance obligations with confidence by using the Ancoa platform.”