2024-11-19 16:35:53
Author: Eventus Systems, Inc. / 2023-07-24 14:01 / Source: Eventus Systems, Inc.

Straits Financial Group Signs with Eventus Systems for Expanded Services, Bringing New Regulatory Compliance Capabilities to Singapore Headquarters

Straits Financial Group Signs with Eventus Systems for Expanded Services, Bringing New Regulatory Compliance Capabilities to Singapore Headquarters

New Agreement Builds on Successful Implementation of Validus Platform for Straits Financial LLC in U.S.,Furthers Growing Eventus Presence in APAC

AUSTIN,Texas,Feb. 20,2019 --Eventus Systems,Inc.,a leading global trade surveillance and market risk platform provider,announced today that Singapore-based Straits Financial Group Pte Ltd – which became a client in May 2018 for its U.S. subsidiary,Straits Financial LLC – has just expanded the relationship by signing on to the Validus trade surveillance and risk management platform for its Singapore headquarters. Straits Financial Group is the brokering division of the CWT Group,a leading global provider of integrated commodity services.

Eventus CEO Travis Schwab said: "We began our expansion into the APAC region last year with a presence in Singapore,and we're thrilled to build on our relationship with Straits after the firm's U.S. operation has seen what a tremendous difference our Validus platform can make. We will continue to grow our footprint in the region,adding to our Asian gateways and leveraging our sales presence in Singapore."

Said Paul Fry,Chief Operating Officer of Straits Financial LLC: "Our team looked at a wide range of platforms to find a solution that would fulfill our stringent regulatory requirements. We chose Eventus because the firm met our needs for processing trade-lifecycle data from dozens of exchanges on multiple platforms,with a flexible user interface and a powerful reporting tool. We have been pleased with the Eventus team throughout the evaluation process,both in terms of responsiveness and domain knowledge."

Available as an on-premise or cloud solution,Validus provides comprehensive market surveillance and trading risk management for firms and marketplaces in global futures,equities,equity options,fixed income,foreign exchange and cryptocurrencies. Validus helps firms monitor for unwanted behavior such as spoofing,layering and wash trading as well as comply with the requirements imposed by exchanges across the globe.

About Eventus Systems

Eventus Systems,Inc. offers one of the leading global trade surveillance and market risk platforms. Available as a cloud-based or real-time enterprise on-premise solution,the Validus platform provides sophisticated market surveillance and financial risk capabilities,enabling clients to solve some of the most pressing regulatory challenges. Validus combines multiple technology stacks including artificial intelligence (AI) to generate the most actionable alerts across equities,futures,foreign exchange (FX),fixed income and cryptocurrencies. Clients include Tier 1 banks,brokerages and futures commission merchants (FCMs),proprietary trading firms,exchanges,corporates and buy-side firms. Headquartered in Austin and serving clients globally,Eventus was one of just 27 U.S. companies named to the global RegTech 100 List for 2019,recognizing the pioneering companies transforming compliance,risk management and cybersecurity. Visit www.eventussystems.com.

About Straits Financial Group

Headquartered in Singapore,Straits Financial Group is the brokerage house under CWT Pte. Limited that offers a full spectrum of derivatives & OTC products,including trade facilitation for physical commodities. Established affiliate offices are in Singapore,Chicago,New Jersey,Shanghai,Jakarta and in Dubai. Straits Financial LLC is a full Clearing Member of the Chicago Mercantile Exchange (CME),Chicago Board of Trade (CBOT),New York Mercantile Exchange (NYMEX),the Commodity Exchange (COMEX),Dubai Mercantile Exchange (DME),New Zealand Exchange (NZX),Nasdaq Futures (NFX),and CBOE Futures Exchange (CFE). Straits Financial Services PTE LTD is a full clearing member of the Asia Pacific Exchange (APEX) and is the first batch of Overseas Intermediary of the Shanghai International Energy Exchange (INE). Straits offers clearing access to all major global commodity exchanges. For more information,visitwww.straitsfinancial.com.

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Tags: Banking/Financial Service Computer/Electronics High Tech Security

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