Eventus, a leading provider of comprehensive, at-scale trade surveillance and financial risk solutions, and Phillip Capital Inc. (PhillipCapital), the U.S.-based futures commission merchant (FCM) and broker-dealer, announced that they have agreed to extend once again their long-term trade surveillance relationship. PhillipCapital continues to leverage the Eventus Validus platform for trade surveillance on all of its markets, including U.S. equities, options, fixed income, global futures products and prediction markets.
Eventus CEO Cameron Routh said: "We're thrilled that as PhillipCapital has grown and prospered, Validus remains the trade surveillance platform of choice for meeting its diverse compliance needs across asset classes. Our enduring relationship is a testament to the firm's commitment to a robust surveillance program and collaboration with our team to ensure we continue to meet its evolving requirements."
Ben Reynold, Market Surveillance Analyst at Phillip Capital Inc., said: "At PhillipCapital, upholding market integrity and robust risk management is foundational to everything we do. Trade surveillance isn't just a regulatory checkbox for us; it's an essential line of defense that protects our clients, our firm and the broader markets. Effective surveillance ensures we maintain the highest standards of trust and compliance as we continue to grow and innovate."
He said that in a clearing broker-dealer and FCM environment, the firm's surveillance needs aren't one-size-fits all so the decision to extend with Eventus "came down to reliability, flexibility and true partnership."
Reynold said: "We needed a platform that gives us deep visibility and robust alerting capabilities without generating unmanageable noise. Eventus has consistently delivered a system we can trust, backed by a support and account team that actually understands our business model and is always willing to collaborate when we need to fine-tune our setup."
