Fighting Market Abuse with MACOC:MMM
As part of MACOC:Suite, a fully integrated platform for all regulatory compliance needs, MACOC:MMM communicates seamlessly with the other key applications
MACOC:Compliance and MACOC:Trades.
The module helps banks to effectively meet the requirements of the EU Market Abuse Directive, a key part of the EU Financial Services Action Plan which provides a common approach across member countries for preventing and identifying market manipulation.
MACOC:MMM analyzes trading activities and identifications situations which may involve the attempted manipulation of markets. The checking procedure is based on configurable rules to detect the following scenarios:
- Price jumps with significant positions
- Reference price manipulation
- Phantom orders
- Wash trades
- Marking the close
- Pre-arranged trades
- High volumes with price jumps
- Price jumps with reversed price jump
- Painting the tape
- Naked short sales
- Concealing ownership
As an integrated technical platform, MACOC:Suite brings new levels of efficiency and effectiveness to compliance processes and data management by sharing information and functionality across MACOC modules. MACOC:Suite centrally stores data including the results of all compliance checks in its secure Regulatory Business Warehouse (Reg.BW), providing a tamperproof audit trail.
b-next holding AG
b-next Engineering GmbH has been a leading provider of regulatory compliance software for European financial institutions and regulatory authorities for the past 20 years.
b-next has developed, as one of the first in its industry, standard software for the IT implementation of large parts of the MiFID guidelines, for use throughout the EU. Conceived in close cooperation with major banks, the solution covers the requirements within the areas of best execution policy, best execution checking, conflict of interest policy and record keeping.
The MiFID application is a component of the MACOC Suite, employed by over 100 banks in the operational areas of compliance and trading control. With the integration of these MiFID requirements, b-next is in the position to handle these regulatory requirements from a single common platform.