Trade surveillance is a vital surveillance system for financial institution & banking sectors against the market manipulation and market abuse. This system is generally used to detect & monitor the capital fraud, behavioral patterning as well as insider trading in the capital markets. The system is used in risk management systems of enterprises that incorporate the advanced complex event processing (CEP) engine, which processes a huge amount of data, both streaming and historical and then detects the positive & negative patterns in the trading data across all the market & asset classes in the real time. The trade surveillance system offers a wide range of applications in hedging, wealth management, banking & financial services, asset management and others.
Referring to study, “Global Trade Surveillance Systems Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global trade surveillance systems market include Aquis Technologies, Software AG, SIA S.P.A., FIS, Cinnober, Nasdaq, B-Next, IPC, Aca Compliance Group among others.
Based on type, trade surveillance systems market is segmented as cloud type and on-premise type. Cloud segment holds major share in global market owing to growth in acceptance by different capital market institutions. On-premises type segment is expected to witness higher growth rate due to associated benefits for instance easy integration with the organization’s existing IT infrastructure as well as high level of data security over the forecast period. In addition, based on application, market is segmented as large enterprises and small & medium enterprises. Large enterprises segment is also expected to witness higher CAGR caused by continuous adoption of trade surveillance solutions across various companies has minimized fraudulent cases, illegal trading practices and data manipulation during the forecast period.
The trade surveillance systems market is driven by increase in surveillance requirements for the buy-side & trading venues, followed by rise in demand for monitoring trade activities, increase in government regulatory & compliances and surge in benefits provided by surveillance to reduce the market abuse. However, lack of knowledge regarding professional trading may impact the market. Additionally, rise in demand for time series databases & low latency and advancements in next-generation technology are leading opportunities for market. Moreover, growth of cloud storage in surveillance, prioritization of surveillance technology investors, growth in development of advanced & next-generation analytics and increase in focus on reputation risk management are key trends for market. Furthermore, complexity of trader surveillance is a major challenge for global market.
Based on geography, the North-American region dominates the global trade surveillance systems market owing to presence of a large number of financial institutions & wealth management firms coupled with high degree of digitalization across the region. The Asian-Pacific and European regions are likely to dominate the global market due to increase in number of banking and insurance businesses over the forecast period. It is anticipated that global trade surveillance systems market will be reached at rapid pace because of rise in demand for advanced banking solution during the forecast period.
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Ankur Gupta, Head Marketing & Communications