The US-regulated cryptocurrency exchange to deploy
Validus platform
NEW YORK, Dec. 8, 2021 /PRNewswire/ -- FTX US, a leading
U.S.-regulated cryptocurrency exchange, and Eventus Systems, Inc.,
an award-winning global provider of multi-asset class trade
surveillance and market risk solutions, announced today 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, 24x7, 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.
About Eventus Systems
Eventus Systems is a leading global provider of multi-asset
class trade surveillance and market risk solutions. Its powerful,
award-winning Validus platform is easy to deploy, customize and
operate across equities, options, futures, foreign exchange (FX),
fixed income and digital asset markets. Validus is proven in the
most complex, high-volume and real-time environments of tier-1
banks, broker-dealers, futures commission merchants (FCMs),
proprietary trading groups, market centers, buy-side institutions,
energy and commodity trading firms, and regulators. The company's
rapidly growing client base relies on Validus and Eventus'
responsive support and product development teams to overcome its
most pressing regulatory challenges. For more, visit
www.eventussystems.com.
About FTX US
FTX US is a US-regulated cryptocurrency
exchange, built from the ground up. Its mission is for FTX US to
grow the digital currency ecosystem, offer US and international
traders a platform that inspires their loyalty, and to become a
market-leading US-regulated cryptocurrency exchange.
To learn more about FTX US, please
visit: https://ftx.us/
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