R.J. O’Brien plans cloud deployment of Eventus’ Validus platform to begin in April

Maria Nikolova

RJO has selected Eventus to provide its global market surveillance and real-time risk monitoring solution.

Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) and trade surveillance and market risk software platform provider Eventus Systems, Inc. today announced that RJO has selected Eventus to provide its global market surveillance and real-time risk monitoring solution.

The brokerage carried out an extensive international search before choosing Eventus. RJO expects its cloud deployment of the Validus platform to go live on April 1, 2020.

Eventus’ Validus platform is built to operate in the most demanding environments and market conditions and offers flexibility, speed and reliability to effectively deliver comprehensive trade surveillance, compliance and market risk solutions. The Validus software platform features hundreds of pre-built surveillance procedures that clients can tailor to their own standards and to regulatory requirements. This trade surveillance solution offers both machine learning and a procedural approach, combining them in one seamless package that reduces false-positive alerts but also fosters intelligent issue resolution.

Kathleen Clapper, RJO Senior Director and Chief Compliance Officer, said: “We expect to reduce extraneous alert noise, saving us significant time and letting us focus our attention on where it needs to be. We’ve also been extremely impressed with the customer service, which is paramount for us.”

Eventus CEO Travis Schwab said: “We’re thrilled to bring RJO onboard and look forward to addressing its critical market surveillance and risk monitoring needs globally throughout North America, Europe, the Middle East and Asia. We anticipate that our workflow tools will help the firm deploy its resources most efficiently and gain important insights while meeting new surveillance and monitoring needs as they arise around the globe.”

RJO Chief Risk Officer Brad Giemza said: “For RJO, Eventus solved two supervisory needs with one solution. Validus not only meets our market surveillance requirements but also enhances our ability to monitor real-time order messages in support of automated trading.”

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