CFTC-registered Advantage Futures taps Eventus for market surveillance
“I’ve had great respect for Eventus CEO Travis Schwab for more than 15 years. The company has thrived under his leadership, and its Validus trade surveillance platform is now an important component of the Advantage surveillance program.”
Advantage Futures, a futures commission merchant registered with the Commodity Futures Trading Commission, has selected Eventus for its trade surveillance needs.
The Validus platform was chosen for its strong machine learning capabilities and customizable features that allow users to change parameters from one exchange to another, ease of use, and knowledgeable, responsive team.
Eventus Validus handles alert generation covering billions of messages per day
Advantage is among the highest-volume clearing firms in the futures industry, having processed well over 5 billion contracts over more than 20 years. The company made the decision to migrate to the Eventus software solution following extensive research on companies in the space and testing of the Validus platform to ensure the features met its needs.
Joseph Guinan, Chairman & Chief Executive Officer of Advantage Futures, said: “I’ve had great respect for Eventus CEO Travis Schwab for more than 15 years. The company has thrived under his leadership, and its Validus trade surveillance platform is now an important component of the Advantage surveillance program.”
Eventus is a global provider of multi-asset class trade surveillance, market risk and algo monitoring solutions.
The AI-powered solution handles alert generation covering billions of messages per day, around the clock, providing comprehensive coverage across trading flows, and operates across equities, options, futures, foreign exchange (FX), fixed income, and digital asset markets.
The Validus platform is well regarded among tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators.