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The CFTC Chooses Actimize for its Trading Surveillance Platform
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The CFTC Chooses Actimize for its Trading Surveillance Platform

February 28, 2008


By Stefania Viscusi, Assignment Desk Editor

Transactional risk management software provider for the financial services industry, Actimize, has announced that the Commodity Futures Trading Commission (CFTC) has selected their surveillance platform.
Actimize, a NICE Systems (News - Alert) company, will offer their platform to monitor trading transactions within the market for suspicious activity.

"Actimize is the de facto standard when it comes to trading surveillance and brokerage compliance," David Sosna, CEO of Actimize said. "This recent selection by the CFTC, a world leading regulator, adds to the many brokerage firms already using the Actimize solutions and further illustrates the strength of our platform and flexible surveillance modeling tools."
Actimize's development and modeling tools will specifically be used by the agency to help uncover traders that may be manipulating the market and violating trading rules.

Congress created the CFTC in 1974 as an independent agency mandated to regulate commodity futures and option markets in the United States.
The CFTC "assures the economic utility of the futures markets by encouraging their competitiveness and efficiency, protecting market participants against fraud, manipulation, and abusive trading practices, and by ensuring the financial integrity of the clearing process."

In December, Actimize introduced  a new enterprise edition of its Case Manager product, offering faster configuration and deployment and faster time to value.
Actimize's Risk Case Manager, Enterprise Edition aggregates cases and alerts from a wide range of sources into one central location and using Actimize's analytics, improves productivity and enterprise-wide investigations by making it possible to access information in an interactive environment using Actimize's tools.

Stefania Viscusi is an established writer and avid reader. To see more of her articles, please visit Stefania Viscusi’s columnist page.

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