Ancoa’s capabilities can help detect potential market manipulation
Joint offering can be either cloud-hosted or deployed on clients’ premises
KUALA Lumpur-based N2N Connect and London-headquartered Ancoa have signed an OEM (original equipment manufacturer) agreement to offer Ancoa’s full breadth of market surveillance capabilities to N2N’s banking and brokerage clients.
N2N provides enterprise-wide integrated trading solutions to stockbroking firms and banks in Asia Pacific, while Ancoa provides contextual surveillance and analytics for exchanges, regulators, and buy-and sell-side firms.
“We see strong demand for market surveillance across Asia; finding the right market surveillance partner for the community of banks and brokers using our trading solutions was a key strategic decision for us,” said N2N founder and managing director Andrew Tiang.
“Ancoa’s ability to customise its surveillance and analytics capabilities specific to the requirements of our market, enables us and our clients to play our part in detecting potential market manipulation and contributing towards the running of orderly markets across Asia,” he added.
Under the terms of the agreement, Ancoa’s platform will be fully integrated with N2N’s trading solutions, with N2N providing implementation and operational support to clients.
The joint surveillance offering can be either cloud-hosted or deployed on clients’ premises, N2N said in a statement.
Combining Ancoa’s surveillance capabilities with N2N’s connectivity and market information enables the Asia Pacific trading community to meet its regulatory and risk requirements efficiently and confidently, N2N claimed.
Ancoa’s contextual approach to surveillance and N2N’s exchange connectivity, market data and news enables trading participants to overlay historical data, trading data, electronic communications such as email and instant messaging and news, in order to identify and prevent market abuse, the Malaysian company added.
Brokers and banks can now better manage their portfolio exposure and margin risk exposure as well as track their open positions by client, stock, dealer or branch.
N2N is a listed company, partially owned by Nikkei and offering a one-stop shop for trading solutions and market information (stock, commodity and foreign exchange market data and news) across major markets in South-East Asia.
It currently covers Bursa Malaysia, Singapore Exchange, Philippines Stock Exchange, and Jakarta Stock Exchange. Recently, N2N also obtained a licence for the Hong Kong stock exchange and will be adding data and trading services for this exchange as well.
“[N2N’s] large footprint across Asia Pacific capital markets provides us with a great opportunity to demonstrate our contextual market surveillance capabilities to local banks and the broker community,” said Ancoa chief executive officer Kurt Vandebroek.
“Together, I believe we offer the right solution to equip trading participants with the necessary tools to detect and investigate market abuse, as well as meet their market surveillance requirements with confidence,” he added.
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