12.08.2021

FTX US Selects Eventus for Surveillance and Risk Monitoring

FTX US, a leading U.S.-regulated cryptocurrency exchange, and Eventus Systems, an award-winning global provider of multi-asset class trade surveillance and market risk solutions, announced that the exchange will deploy the Eventus Validus platform to conduct trade surveillance and risk monitoring on FTX US, and FTX US Derivatives, its recently acquired licensed cryptocurrency futures and options exchange and clearinghouse.

Brett Harrison, FTX US President said: “FTX US is committed to being at the forefront of compliance, security and transparency in the cryptocurrency ecosystem. We chose Eventus because its team has extensive experience in meeting the highest regulatory and compliance standards across multiple asset classes – including crypto and listed derivatives – and has ensured that Validus can address the rigorous demands of the marketplace. This is the latest step in our mission to deliver industry-leading regulatory and compliance services to investors trading on our platform.”

FTX US Derivatives plans to leverage the substantial alert coverage, end-to-end trade practice investigation tools, and advanced data tagging provided by Validus to surveil its listed derivatives market. In addition, FTX US Derivatives and FTX US plan to implement cross-market surveillance to detect behavior that spans multiple asset classes and order books, and utilize machine learning-based noise reduction tooling in Validus to enable compliance staff to focus on key information.

Eventus CEO Travis Schwab said: “The FTX US spot and derivatives markets are clearly positioned for significant growth. We’re excited to provide the exchange with a proven, powerful platform that can scale to meet its needs going forward as it continues to attract new institutional and retail clients and as the global regulatory environment for crypto matures. With a host of U.S. CFTC-regulated entities among our client base leveraging Validus, a growing number of firms in the crypto space looking to expand are benefiting from our deep-rooted expertise and go-to-market guidance, along with our ability to cover not just spot, but also derivatives and equities, as well as ETFs and other trading instruments across both digital assets and traditional finance.”

Eventus is the leading global provider of trade surveillance solutions for cryptocurrency exchanges. Validus meets the exchanges’ high security requirements and provides the ability to conduct real-time surveillance, 24×7, on billions of trade lifecycle messages per day. Eventus offers a ‘single pane of glass’ compliance and risk offering made possible by aggregating data into Validus from best-in-class know-your-customer (KYC) and anti-money laundering (AML) providers.

Source: Eventus

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