Trade Surveillance and Regulatory Compliance Solutions | eflow

Webinar: Market abuse controls and surveillance

sales@eflowglobal.com (eflow) — Mon, 15 Dec 2025 15:33:00 +0000

From policy design to real-world execution

The second in our series of webinars with ComplyLens explores practical guidance on how to design and implement proportionate, effective and data-driven trade surveillance controls.

Our industry experts explain what regulators expect to see from firms’ in respect of their market abuse governance frameworks, and offer insights into how this can be delivered in a sustainable and effective way. In the session, we cover:

A case study that illustrates why proportionate, effective, and data-driven surveillance controls are so vital
What regulators expect from firms in terms of trade surveillance policy and execution
The role of trade surveillance technology and the impact of AI tools
The importance of comprehensive venue coverage

Webinar: Market abuse risk governance

sales@eflowglobal.com (eflow) — Wed, 10 Dec 2025 16:03:00 +0000

Building a strong market abuse risk governance foundation

The first in a series of webinars jointly hosted with ComplyLens, this is a thought-provoking webinar exploring how to design and execute a Market Abuse Risk Assessment (MARA) that is a strategic governance tool, rather than a regulatory box-ticking exercise.

This session provides practical guidance on developing a robust, effective and sustainable framework for managing market abuse risk, ensuring that your MARA becomes a central pillar of your firm’s governance strategy. In the session, our panel of industry experts will cover:

What does a good MARA look like?
What do regulators expect from firms?
Practical tips on how to run a MARA
How your MARA impacts trade surveillance

Correctly identifying market abuse

sales@eflowglobal.com (eflow) — Mon, 24 Nov 2025 14:05:12 +0000

One of the biggest recurring challenges for compliance teams is accurately identifying market abuse.

Being able to minimise false positives and false negatives while simultaneously ensuring that test parameters are rigorous enough to detect real instances of market abuse can feel like walking a tightrope at times, which is why properly calibrating your trade surveillance system is so essential.

To help firms do this, we implement a number of different strategies. For one, we provide information and analytics on how similar firms tend to set their test parameters, providing a rough template that firms can work from when calibrating their own system.

We also provide firms with a sandbox testing environment which they can use to test different system configurations in a risk-free environment before promoting any changes made into their live system.

Beyond this, we also offer a holistic approach to surveillance. By integrating eComms surveillance with trade surveillance, firms are able to see the bigger picture of a trade, gaining context which can be invaluable when attempting to identify instances of market abuse.

Learn more about our trade surveillance solution here.

The challenge of monitoring complex instruments

sales@eflowglobal.com (eflow) — Thu, 13 Nov 2025 10:13:24 +0000

Monitoring complex instruments such as OTC derivatives can be a real challenge for firms when trying to detect market abuse.

By increasing the levels of market data available to clients and utilising end-of-day pricing, eflow helps firms avoid some of the most common pitfalls that occur when performing trade surveillance on exotic asset classes.

You can learn more about how eflow helps firms with their trade surveillance requirements here.

The rise of fines for systems and controls failures

sales@eflowglobal.com (eflow) — Thu, 30 Oct 2025 10:54:00 +0000

Our 2025 Global trends in market abuse and trade surveillance report found that, of all market abuse typologies, fines related to trade surveillance systems and controls failures saw by far the steepest increase in 2024 with an 862.5& increase year-on-year from 2023.

Trade surveillance systems and controls failures are defined as follows:

Deficiencies in data, systems and controls required to monitor trading activities and ensure compliance with regulatory requirements, including data governance. It involves the use of technology and processes to detect and investigate potential breaches, such as market manipulation, insider trading, and other forms of misconduct.

The reasons for the increase are manifold, but it can primarily be seen as an attempt by global financial regulators to get ahead of market manipulation; by strictly enforcing legislation around controls and processes, regulators hope to be able to stop abusive trading before it takes place, maintaining a safer and more transparent market in the process.

Learn more about this topic by downloading our 2025 Global trends in market abuse and trade surveillance report.

The growth of eComms enforcement

sales@eflowglobal.com (eflow) — Wed, 29 Oct 2025 10:48:00 +0000

Figures from our 2025 Global trends in market abuse and trade surveillance report found that failures related to eComms recordkeeping and surveillance were by far the most commonly enforced market abuse typology. Out of the $6.3 billion in total market abuse fines issued from 2019-2024 for market abuse, $3.17 billion (50%) were related to eComms recordkeeping failures.

This dramatic figure highlights a clear regulatory focus, particularly in the US. The widespread use of personal mobile devices and off-channel messaging apps such as WhatsApp have undoubtedly added complexity to achieving compliance, and while regulations haven’t necessarily changed, the changing landscape has made this issue increasingly important for regulatory bodies. This regulatory friction - where compliance requirements remain static, but the tools available to market participants evolve rapidly - poses a growing challenge.

You can download the 2025 Global trends in market abuse and trade surveillance report here.

The regulatory clamp-down on mid-market firms

sales@eflowglobal.com (eflow) — Tue, 28 Oct 2025 10:44:00 +0000

While tier one banks have historically drawn the most attention from global financial regulators, smaller mid-market firms are now increasingly finding themselves on the receiving end of enforcement action for infringements related to market abuse.

Findings from our 2025 Global trends in market abuse and trade surveillance report corroborate this fact. In the past six years, 2022 saw the highest total value of enforcement actions at $1.90 billion in total fines. However, this number was spread across a relatively low number of high value fines, with just over 40 individual sanctions issued. By contrast, 2024 saw a comparable $1.84 billion in total value of fines issued, but across 163 fines - roughly 4x as many as the previous highest annual figures.

This shows a significant decrease in average fine value, clearly indicating that smaller, tier two and tier three firms are now also drawing regulatory ire. Firms of all sizes are now expected to have robust compliance functions in place - a failure to do so is likely to result in regulatory enforcement action being pursued.

The importance of conditional parameters for trade surveillance

sales@eflowglobal.com (eflow) — Mon, 27 Oct 2025 17:03:00 +0000

One of the biggest challenges for firms hoping to implement a robust trade surveillance solution is managing a high volume of false positive alerts. When alert parameters and thresholds are not set properly, swathes of false positives (and false negatives) can overwhelm compliance teams, increasing the risk of alert fatigue, leading to real instances of market manipulation to go unnoticed.

One of the most effective ways of ensuring that you minimise false positives is implementing a system with conditional parameters. Conditional parameters provide users with the ability to set alert thresholds dynamically: rather than setting static thresholds, conditional parameters can automatically adjust to account for variables such as market volatility, instrument liquidity, or client type, distinguishing between activity driven by natural market fluctuations and those which may be suspicious.

eflow TZTS Trade Surveillance system includes conditional parameters as standard. Learn more about TZTS here.

Calibrating your trade surveillance system

sales@eflowglobal.com (eflow) — Mon, 27 Oct 2025 10:01:00 +0000

Regulatory compliance is no longer a tick-box exercise. To ensure they meet their regulatory obligations, financial firms need to be able to demonstrate that they are have configured their compliance systems to specifically suit their particular business type and trading strategy.

Doing this while remaining up to date with the constantly evolving regulatory landscape can be an extremely challenging and resource-intensive task. That’s why eflow makes guiding you through this process a priority.

When you sign with us, you’ll be assigned a dedicated onboarding team who will help you get to grips with your specific regulatory requirements and configure your system accordingly. You’ll then be offered training sessions with our product specialists to ensure you’re comfortable using your system, learning how to make changes to test parameters, view and create reports, and perform other day-to-day tasks.

We’ll also roll out updates to your system automatically at no extra cost when regulations change. This will ensure you remain compliant with any regulatory changes with minimum fuss and no compliance gaps.

TZBE Best Execution and TCA: Product intro

sales@eflowglobal.com (eflow) — Wed, 22 Oct 2025 10:29:00 +0000

Learn more about TZBE Best Execution and TCA here.