b-next has expanded its MACOC:Suite product family to include MACOC:MMM, a new module for identifying market manipulation and market abuse.
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.
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.
