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Zagreb Stock Exchange successfully goes live with Ancoa’s market surveillance platform

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21 January 2015
London, United Kingdom

Zagreb Stock Exchange successfully goes live with Ancoa’s market surveillance platform

London, Zagreb 21 January 2015: Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms, today announced that it has successfully integrated its real-time market surveillance capabilities with the Zagreb Stock Exchange’s (ZSE) trading platform across all trading segments; their regulated market, MTF and OTC trading platform.

Key to running an orderly market across multiple platforms and asset classes is robust and resilient market surveillance. Having carried out a rigorous review of currently available surveillance technology and tested Ancoa’s capabilities, the ZSE has selected Ancoa to provide multi-asset class, real-time monitoring and surveillance, strengthening the ZSE’s existing technological infrastructure and ensuring regulatory compliance under ESMA guidelines.

Ancoa’s platform helps firms take full control of their regulatory, reputational and operational risks across markets, functions and asset classes by providing contextual surveillance and actionable insights.  The real-time monitoring of trading activity enables heads of trading or heads of compliance to detect, investigate and deal with irregular and potentially manipulative behaviours in order to prevent market abuse practices.

Ms. Ivana Gažić, President of the Management Board of the Zagreb Stock Exchange, said: “In today’s markets, there is an ever-increasing demand to quickly detect and respond to abusive trading behaviour. Ancoa’s platform is efficient, scalable, and flexible and was easy to deploy. Furthermore, it addresses our market surveillance requirements, in line with our strategic goals of investor protection and running a fair and orderly market.”

Commenting on the release, Stefan Hendrickx, Founder and Executive Director, Ancoa, said, “We are thrilled to be working with the ZSE across their markets and asset classes. We have been running our contextual surveillance and analytics alongside the ZSE’s incumbent provider for a brief period of time and are excited to announce our partnership with the ZSE, a leader in the development of capital markets in the region, to fulfil their current and future surveillance requirements.”

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About Ancoa

Ancoa provides contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms. Our highly sophisticated, yet easy to deploy and simple to use, monitoring and surveillance platform helps firms take full control of their regulatory, reputational and operational risks across markets, functions and asset classes.  We help improve market integrity by providing greater visibility over trading behaviour. Our independent and real-time approach to monitoring, analytics, alerting and reporting, using powerful visualisation tools, enables firms to identify and manage potential risks of market abuse, fraud and operational shortcomings on a single platform.

Founded in 2010, Ancoa’s management team brings together a strong pedigree & track record in capital markets, technology, surveillance, analytics and entrepreneurship. For more information visit www.ancoa.com or follow us on twitter @AncoaSoftware.

About the Zagreb Stock Exchange

Zagreb Stock Exchange represents a central Croatian equities marketplace. It lists almost 300 financial instruments (stocks, bonds, commercial papers, structured products) and is comprised of two markets: Regulated Market and Multilateral Trading Facility. For almost 25 years Zagreb Stock Exchange leads the development of the capital markets in the region while providing transparent, secure, cost-effective and efficient marketplace as well as obtaining the highest quality of capital market services in order to meet the needs of investors, issuers and all stakeholders. For more information please visit www.zse.hr

Media Contacts:

Zagreb Stock Exchange

Ancoa

Sanda Kuhtic Nalis

Head of Corporate Communications

Ivana Lučića 2a | 10 000 Zagreb Croatia

www.zse.hr

sanda.kuhtic@zse.hr 

Tel: +385 1 4686 804 // Fax: +385 1 4677 680

Sybille Mueller / Holly Finn

Streets Consulting Tel: +44 (0)20 7959 2235

Sybille.mueller@streetsconsulting.com

Holly.finn@streetsconsulting.com

News article details

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