The data gained through the new technology to meet the rules should market insight, experts have claimed
The Financial Conduct Authority's
introduction on July 3 of European market abuse regulation will
force firms to adopt better practices and deliver benefits
beyond basic compliance, experts have argued.
The new set of rules is designed to
improve transparency, safety and resilience with market
surveillance over trading, compliance and operations functions
to generate a wealth of data that firms can then use to their
This data will enable market participants
to "turn the intelligence gained to their advantage and
ensuring that blind spots in the business are removed. In
turn, the intelligence gained from surveillance leads to
actionable business insights [such as operational shortcomings]
… which ultimately helps firms remain more competitive
and delivers greater understanding about end-user trading
behaviour," Stefan Hendrickx, founder and executive director of
surveillance firm Ancoa, told FOW.
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