The Surveillance Onion

The Raidne onion demonstrates the stack of Raidne surveillance options that can be applied depending on your budget and needs. Each layer offers a different level and type of surveillance:

Best Execution

- creates metrics for the trade performance against standard benchmarks.

Transaction Cost Analysis (TCA)

- offers a variety unique proprietary metrics including market impact and information leakage.

Algorithm (Algo) Evaluation

- analyses the performance of a trading algorithm given the market environment.

Liquidity Provider (LP) Ranking

- compares the relative metrics of all the venues where trades are executed to propose optimal trading allocations.

Ethical Evaluation

- a suite of analytic tools to detect that trading occurs according to the Codes of Conduct.

Quantitative Surveillance

- detects market manipulation and abuse using:

Rules-based trading checks.
Statistical analysis to check for anomalies.
Machine-learning techniques designed to reduce the number of false positives.

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Surveillance in depth

The Raidne solution

Raidne is an independent company offering proprietary surveillance algorithms to monitor market manipulation and market abuse. We help financial firms fulfil their monitoring and surveillance requirements under MiFID II and MAD II. Raidne algorithms have strong quantitative methodologies and analyse the market microstructure to spot sophisticated manipulation attempts and flag warnings for firms to investigate.

Buy-side clients

Raidne solutions:

- arm you with the information that can help you make more profitable trading decisions.

- pinpoint which trades or venues are creating information leakage or having excessive market impact.

- help you comply with MiFID II and MAR regulations around surveillance and best execution.

Sell-side clients

Raidne solutions:

- provide an early warning for potential trading anomalies from your own trading, satisfy regulatory compliance, and provide assurance for your clients.

- are designed by industry experts who have used hands-on business experience and understanding of the markets and how they can be manipulated and abused to build real-world options to solve long-term industry challenges.

- can be integrated in to your existing compliance department to strengthen the existing surveillance of trading activities and reduce false positives.

- can provide an objective overview of your trading outcomes to your clients.

Regulators

Our sophisticated suite of algorithms can detect trading anomalies within large sets of transaction data.
We can complement your existing surveillance with our hands-on experience of the markets and proprietary methodologies.
Using machine-learning techniques our algorithms actually strengthen over time as more transaction data is filtered through our algorithms.

Vendors

We can monitor for market manipulation on the trading platform.
We can provide an independent assessment of your service to your clients and satisfy best-execution requirements.