PhillipCapital extends trade surveillance partnership with Eventus

Rick Steves

“PhillipCapital has seen first-hand how Validus can scale to meet any capacity requirements as clients grow, as well as our team’s expertise in not only our customizable technology but the market and regulatory challenges facing the industry.”

Eventus, a global leader in trade surveillance technology, and PhillipCapital, a Chicago-based futures commission merchant and broker-dealer, have announced the extension of their ongoing partnership. This comes as the latest affirmation of the efficacy of Eventus’ flagship platform, Validus, in meeting the diverse trade surveillance needs of PhillipCapital, which has been in partnership with Eventus since 2017.

PhillipCapital CEO Filippo Lecchini was effusive in his praise for the relationship thus far, stating, “Eventus has not only fulfilled all our surveillance needs with exceptional service but also played a pivotal role in supporting the expansion of our business into new markets and products. Notably, Eventus facilitated our ventures into equity options and, more recently, into Eurex.”

The deepening symbiosis between technology providers and financial firms

Validus has been instrumental in supporting PhillipCapital’s ventures into various financial markets, ensuring that the brokerage and clearing firm remains compliant with trade surveillance regulations across futures, equities, and equity options. Eventus CEO Travis Schwab noted the mutually beneficial nature of the partnership, saying, “PhillipCapital has seen first-hand how Validus can scale to meet any capacity requirements as clients grow, as well as our team’s expertise in not only our customizable technology but the market and regulatory challenges facing the industry.”

The announcement could serve as a strong validation for Eventus’ technology, given PhillipCapital’s international standing. The Chicago-based firm is a subsidiary of Singapore’s PhillipCapital Group, which boasts over one million clients and operates in financial hubs across four continents.

As financial markets continue to be scrutinized for transparency and compliance, robust trade surveillance systems like Validus are proving indispensable for firms aiming to expand their global footprint. This extension signifies that both companies are keen on maintaining their trajectory of mutual growth, with Eventus providing the technological muscle and PhillipCapital offering a testbed for scalability and adaptability.

Eventus’ Validus platform is designed to work across a multitude of asset classes, from equities and options to futures and foreign exchange, and has been validated in high-volume, real-time trading environments. This makes it particularly appealing to a diversified firm like PhillipCapital, which has exchange memberships on numerous platforms including those of CME Group, Intercontinental Exchange (ICE), the Dubai Mercantile Exchange, and Eurex.

The deal also underscores a broader trend in the industry: the deepening symbiosis between technology providers and financial firms. As both entities navigate the labyrinthine regulatory landscape, they find that their strengths complement each other — Eventus with its state-of-the-art trade surveillance capabilities, and PhillipCapital with its global market access and diversified product offerings.

Ultimately, the sustained partnership between Eventus and PhillipCapital exemplifies the harmonious intersection of cutting-edge technology and expansive financial services, setting a precedent for what robust collaborations in this sector can achieve.

Read this next

Digital Assets

Binance to phase out BUSD support in two weeks

Binance has announced its plans to gradually phase out support for its native stablecoin, BUSD (Binance USD) by December 15, 2023. This move comes after Paxos, the issuer of BUSD, decided to stop minting new tokens.


Binance Labs invests $3.15M in Open Campus to advance Web3 education

Binance Labs, the venture capital arm of the cryptocurrency giant Binance, has invested $3.15 million in Web3 education platform Open Campus.

Institutional FX

Brighty App unveils EU B2B payment platform amidst exploding market

Brighty App is set to launch its European B2B platform, Brighty Business, this month. This platform is geared towards improving how businesses handle their financial operations, especially in the digital banking and cryptocurrency domains.

Digital Assets

Celsius’ withdrawal process slowed by overwhelming demand

Bankrupt crypto lender Celsius is taking steps to allow certain customers to withdraw their funds. However, some users have reported difficulties in logging in to process their withdrawals, as indicated by posts on various social media platforms.

Digital Assets

Cristiano Ronaldo hit with $1 billion lawsuit over Binance NFTs

Cristiano Ronaldo, the renowned footballer, is facing a class-action lawsuit in the United States over his promotion of Binance, the world’s largest cryptocurrency exchange.

Digital Assets

Zipmex creditors offered 3.35 cents on the dollar payout

Zipmex, a Thai crypto exchange grappling with financial difficulties, has proposed a restructuring plan to repay its creditors.

Digital Assets

FSB warns of risks posed by multifunction crypto-asset intermediaries

The report on Multifunction Crypto-Asset Intermediaries (MCIs) provides an in-depth analysis of these entities which combine various crypto-asset services and products, typically centering around a trading platform. These services can include proprietary trading, investment functions, issuance, promotion, and distribution of crypto-assets, including stablecoins.

Retail FX

Indonesia launches PosPay Gold: a Sharia-compliant physical gold trading app powered by Kinesis

“Partnerships like the just realized POSPay Gold in Indonesia will revolutionize the global monetary system and economy and will enable citizens to have access to trading in gold while being sharia-compliant and having the freedom to realize their everyday financial needs.”

Retail FX

Webull acquires Flink to enter Mexican market ahead of further LATAM expansion

“Given our success in the United States and the establishment of our global headquarters in St. Petersburg, Florida, the Mexican market is a natural next step in our efforts to democratize finance for investors across the world. We anticipate using Mexico as a springboard into greater Latin and South America, where we believe there is a strong desire among retail investors to access global markets.”