AUSTIN, Texas, Oct. 8, 2018 /PRNewswire/ -- Eventus Systems,
Inc., a provider of innovative regtech software solutions for the
capital markets, announced today that GAIN Capital Holdings, Inc.
(NYSE: GCAP), a leading global provider of online trading services,
has gone live as a client. GAIN has deployed Eventus' cloud-based
version of the Validus platform to manage the market surveillance
program for its futures operation.
GAIN's businesses include global contracts for difference (CFD)
and foreign exchange (FX) brands FOREX.com and City Index; and its
futures group, which provides access to listed derivatives trading
on over 30 global exchanges. GAIN operates as a non-clearing
futures commission merchant (FCM), which connects to exchanges and
its clearing firm through CQG, Inc., a leading global provider of
high-performance trading, market data and technical analysis tools.
As a CQG FCM partner, GAIN offers CQG's suite of trading tools to
its customers, administered through CQG's Customer Account Service
Tool (CAST), for control over account set-ups, risk settings and
other matters.
Heather Krakora-Grimm, GAIN
Capital Director of Compliance, said: "As we were exploring
alternatives for a market surveillance system we really wanted to
get up and running, Eventus was highly recommended by another FCM,
and we continued to hear great things about the people and the
platform so we wanted to see it in action. As a non-clearing FCM
with largely retail clients, our needs were unique; everything we
do flows through CQG. Eventus was able to work with us and CQG to
address our unique requirements. We're now active on the platform,
which is easy to use, and Eventus' training and responsiveness have
exceeded our expectations."
The FCM's Compliance and Risk departments and Trade Desk are all
relying on Validus for the firm's trade surveillance efforts, using
FIX drop-copy to actively monitor orders on CQG. GAIN staff receive
custom alerts and can use the platform to take swift action in the
event of any unusual or disruptive trading activity. Krakora-Grimm
said that Eventus' cost-effective cloud offering was the right fit
for the firm.
CQG Chief of Staff Alli Brennan said: "CQG's mission is to
provide best-in-class technology solutions to our customers, and
we're pleased to add Eventus' market surveillance tools to our
suite of add-ons. Eventus allows our FCM partners, like GAIN, to
increase their risk management and surveillance capabilities on
CQG."
Eventus CEO Travis Schwab said:
"It's a pleasure to welcome GAIN Capital as a client, and we've
thoroughly enjoyed working with Heather and her team. We look
forward to building on that relationship in the coming years. All
of our clients have different needs. What distinguishes us is not
only our intuitive technology and focus on generating actionable
alerts across asset classes, but a willingness to spend time and
resources ensuring that our platform meets the needs of each and
every client. Our work with more than 10 FCM clients gives us a
particular insight into the specific, diverse needs of these
organizations. We're also delighted to be integrated with CQG,
which has a tremendous presence in the industry."
Available as an on-premise or cloud solution, Validus provides
comprehensive market surveillance and trading risk management for
firms and marketplaces in global equities, equity options, futures,
fixed income, foreign exchange and cryptocurrencies. Features
include sophisticated alerting and visualization; a suite of tools
for advanced reporting; delivery of reconciled, multi-party
counterparty data; monitoring of key trading functions; and the
ability to scale the platform across asset classes and connect into
existing systems to meet client needs.
About Eventus Systems
Eventus Systems, Inc. is a software firm solving pressing
regulatory technology (regtech) challenges for capital markets
organizations, including Tier 1 banks, brokerages and FCMs,
proprietary trading firms, exchanges, corporates and buy-side
firms. The firm's flagship Validus surveillance and risk software
platform – available as a cloud-based or real-time enterprise
on-premise solution – provides sophisticated, efficient risk
management and surveillance across equities, equity options,
futures and cryptocurrencies. Validus offers a high-performance,
scalable platform that was built and battle-tested in the toughest
market conditions. Headquartered in Austin and serving clients globally, Eventus
is led by a veteran management team with extensive experience in
capital markets, derivatives, compliance, software development and
high-performance data management. Visit www.eventussystems.com.
About GAIN
GAIN Capital Holdings, Inc. provides innovative trading
technology and execution services to retail and institutional
investors worldwide, with multiple access points to OTC markets and
global exchanges across a wide range of asset classes, including
foreign exchange, commodities and global equities. GAIN
Capital is headquartered in Bedminster, New Jersey,
with a global presence across North America, Europe and
the Asia Pacific regions. For further company
information, visit www.gaincapital.com.
About CQG
CQG provides the industry's highest performing solutions for
trading, global market data, and advanced technical analysis. The
firm partners with the vast majority of futures brokerage and
clearing firms and provides Direct Market Access (DMA) to more than
45 exchanges through its global network of co-located Hosted
Exchange Gateways. CQG's server-side order management tools for
spreading, market aggregation, and smart orders are unsurpassed for
speed and ease of use. Its market data feed consolidates more than
75 sources, including exchanges worldwide for futures, options,
fixed income, foreign exchange, and equities, as well as data on
debt securities, industry reports, and financial indices. CQG has
received the Prop Traders' ISV of the Year award from FOW (now
Global Investor Group), the Best Technical Analysis Platform award
from The Technical Analyst, and the Best Product for Traders award
from Finance Magnates for its multi-asset trading
platform. CQG is headquartered in Denver, Colorado, with sales and support
offices worldwide.
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SOURCE Eventus Systems