SunGard Enhances its Protegent Solution to Help Meet ESMA’s Guidelines for Market Manipulation and Insider Trading Detection

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SunGard has extended the capabilities of its Protegent solution suite to help regulators, trading venues and firms monitor, detect and resolve market manipulation and insider trading activities.

SunGard has extended the capabilities of its Protegent solution suite to help regulators, trading venues and firms monitor, detect and resolve market manipulation and insider trading activities. New features include a rules library that supports compliance with the European Securities and Markets Authority’s (ESMA) 2012/122 “Systems and controls in an automated trading environment for trading platforms, investment firms and competent authorities” guidelines and similar regulatory changes.

SunGard’s Protegent supports the ESMA mandate for real-time, cross-market surveillance by analyzing orders, trades, positions, historical data and market data from multiple trading venues and regions in real time. Users can analyze trading patterns across single or multiple asset classes and trading venues. Protegent also helps firms detect and act on specific behaviors outlined by ESMA, including suspicious manipulative activities such as “quote stuffing,” “momentum ignition,” “layering” and “spoofing.”

Installed on the customer’s site or hosted by SunGard, Protegent can be deployed regionally or globally.

Rebecca Healey, senior analyst at TABB Group, said, “The need for improved surveillance is largely being driven by the trend towards automated trading and the migration of more asset classes onto exchanges. Technology like SunGard’s Protegent can help firms comply with the latest rules, scale for increased trading volumes and monitor activity across regulatory jurisdictions, regions and asset classes.”

Steve Sabin, chief operating officer of SunGard’s Protegent business unit, said, “It’s crucial that trading participants establish a comprehensive trade monitoring process in order to adhere to regulatory requirements such as ESMA’s latest guidelines, and minimize the regulatory risk involved in trading activities while protecting their reputation. SunGard’s Protegent helps customers identify high risk behaviors that require compliance reviews and respond quickly in advance of and during regulatory and legal inquiries.”

About SunGard's Protegent

SunGard's Protegent is a suite of solutions that help automate financial institutions’ compliance processes. It helps give financial institutions transparency into their data while helping them to enforce and document their compliance policies and procedures. Protegent’s solutions cover social media review, personal trading oversight, market abuse, Reg NMS, Order Audit Trail System (OATS), and transaction supervision and surveillance review. For more information, please visit http://www.sungard.com/protegent.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Protegent are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Adriana Senior
SunGard
718-578-1130
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