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Abel Noser Solutions confirmed this week that it has launched a fixed income trade surveillance product within the company’s Compliance+ suite.  According to a company statement, compliance officers can use the new tool to monitor fixed income trades for identifying cross trades, spoofing, marking the close, wash trades and many other violations. According to the company, the new tool is targeted toward compliance officers of investment advisors, hedge funds, broker-dealers, and e-trading platforms, and provides an easy-to-navigate and graphically attractive front-end to quickly review compliance alerts or change thresholds. 

The fixed income related features include a scalable platform to support increased regulatory scrutiny across fixed income asset classes, granular performance data for individual traders, and custom surveillance rules and reporting options to meet specific requirements. This upgrade builds on the company’s existing fixed-income TCA suite and equity compliance package.

“Users will be impressed by the product’s comprehensive global coverage across all fixed income asset classes including credit, rates, municipals, and mortgages,” said Alex Sedgwick, Head of Fixed Income for Abel Noser Solutions. “With over 90 different measures and a variety of reports, Compliance+ is meant to be useful to both buy-side and sell-side clients.” 

According to Peter Weiler, Co-CEO of Abel Noser, Compliance+ offers reassurance to equity and fixed income clients by protecting their firms from unwelcome reputational and operational risk by carefully monitoring all trading activity in a systematic and comprehensive manner.

“As regulatory reporting has become more complex, investment firms face unprecedented challenges relating to US and European oversight,” added Brett MacLeod, Head of Abel Noser’s Sell-Side Division. “Customers and regulators alike are demanding an increased level of transparency which requires enhanced auditing of historical trade data and compliance oversight. Fixed Income Compliance+ addresses this industry need,” MacLeod added.