Eventus Systems, a software firm solving RegTech challenges for capital markets organisations, is set to supply its services to ENGIE Energy Marketing.
The energy company will deploy Eventus’ Validus surveillance and risk software platform to enhance its compliance program.
ENGIE Energy is a natural gas, power and natural gas liquids (NGL) wholesale energy marketer, providing market access, hedging and asset management solution. It said it will use Validus to monitor its trading and hedging activities across CME Group and ICE Futures and cleared OTC markets.
Eventus CEO Travis Schwab said: “Commodity firms that hedge with futures and trade for their own accounts often face fast-moving markets and volatile swings. Our robust monitoring capabilities can take a firm’s compliance program to the next level, with easy-to-implement and intuitive financial, surveillance and operational controls.”
While a broad range of clients from banks to trading firms have deployed our technology, this is one of the first times a commodity-focused corporate has implemented Validus for its compliance program.”
Headquartered in Austin, Eventus provides RegTech solutions to capital markets organisations, including Tier 1 banks, brokerages and futures commission merchants (FCMs), proprietary trading firms, exchanges, corporates and buy-side firms.
The firm’s flagship Validus platform gives risk managers, compliance officers and traders a customized dashboard into the trading, operations, surveillance, compliance and risk management activity across the enterprise. Through multi-stream data reconciliation it offers a view of both exchange drop copies and direct inputs from the trading systems, meaning customers run key firm processes off a “golden source of data,” providing an independent validation across technology platforms.
Although buy-side firms face different regulatory demands than sell-side institutions, Schwab stresses the importance of a robust compliance program, both to guard against unwanted activity within the firm and to demonstrate to investors, holding companies, regulators and the public that the firm is transparent and holding itself to the highest standards.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
