Compliance Monitoring

CubeWatchTS

A powerful, fully integrated, data-inclusive transaction surveillance solution with a leading-edge data analytics engine designed specifically for energy and commodities trading. Unlike most vendor surveillance solutions that originated from the financial services sector, CubeWatchTS is designed specifically for physical energy and commodity trading, and not just for financial instruments. Its unique analysis approach significantly reduces the number of false positive alerts, enabling leaner, more cost effective compliance functions while maintaining a high level of compliance confidence.

• Comprehensive market abuse pattern library extending beyond MAR and REMIT pattern coverage;
• Anonymised market trades and orders provided as standard, sourced from a market-leading data vendor and/or direct from exchanges;
• Unique coverage of physical abuse scenarios such as Insider Trading, Physical Withholding and Capacity Hoarding;
• Tick-level event replay capability across the full order book recreated by the solution;
• Grouping functionality allows additional, full analytical analysis to be performed across virtually any group of dimensions including by venue, legal entity, desk etc.;
• Deployed with pre-calibrated parameters and thresholds, many of which automatically adjust using Machine Learning principles;
• Ad-hoc analysis runs for backtesting and calibration;
• Alert history and associated parameter sets are stored in an immutable, auditable database;
• Supports seamless integration with complimentary CubeLogic solutions such as CubeWatchPL for real-time Position Limit Management;
• Allows multiple concurrent users and locations;
• Alert visualisation through a user-configurable GUI providing finger-tip access to all information needed to perform detailed alert case analysis;
• Full case management and workflow capability enabling STOR generation and tracking;
• Intuitive alert Dashboard that guides users through the detected market abuse pattern through to transaction level.

With a full SaaS deployment option, the solution can be deployed quickly to ramp up transaction surveillance capabilities in preparation for any regulatory challenge. Read more.

CubeWatchPL 

A comprehensive, intraday position limit monitoring solution which allows Front Office, Compliance and Risk to monitor position limit utilisation across the organisation.

• Customisable, live dashboards, reporting and workflows to meet all Front Office, Compliance and Risk Management requirements;
• Intelligent “walkforward” capability to alert traders and compliance to potential future breaches;
• Fully customizable internal “soft limits”;
• Complex position aggregation logic for all contracts including diminishing balance contracts, child-parent aggregations and step-down limits;
• Automated conversion of Options to futures equivalent positions;
• Exemptions management capability;
• Daily true-up of live positions using validated broker statements;
• Covers all major-exchanges and regulatory regimes including, MiFID2 and CFTC for commodities;
• Email alerting warning of breaches and data quality issues.