By Andrei Skvarsky.
SunGard, a multinational software and technology services company, has extended the capabilities of its principal risk avoidance and transparency suite to help regulators, trading venues and firms to detect and prevent market manipulation and insider trading.
One of the new features of the Protegent set of programs is a library of rules on compliance with the European Securities and Markets Authority’s guidelines on controls for automated trading, according to a statement from the technology firm, which is based in Wayne, Pennsylvania, and has more than 17,000 employees working in over 70 countries.
“Protegent helps customers identify high risk behaviors that require compliance reviews and respond quickly in advance of and during regulatory and legal inquiries,” the statement quotes Steve Sabin, chief operating officer of SunGard’s Protegent unit, as saying.
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