Russia’s BCS Financial Group Selects b-next For Market Abuse Surveillance As Part Of Its FCA Approval

b-next, the specialist provider of market abuse surveillance, insider dealing and compliance software solutions has added BCS Financial Group (BCS) to its growing client list. Russian based BCS will install the CMC:Suite for Market Abuse and Insider Dealing as part of its expansion into the UK where it will offer a full suite of investment banking activities and trading across a wide range of asset classes.

The b-next CMC:Suite will monitor a range of scenarios over BCS’s orders and execution flow, performing analysis across multi asset classes including, equities, derivatives, and bonds. The b-next system will provide BCS’s compliance team with a worldwide surveillance system that can be centrally managed. Recently granted UK regulatory authority by the Financial Conduct Authority (FCA), BCS are now able to operate in the UK with b-next integrated into their internal trading systems.

BCS Chief Regulatory Officer, Wendy Langridge says: “Our recent approval by the FCA positions BCS well to expand into an international market. Quality is of the upmost importance to us and we are committed to building a robust and transparent European business. To further enhance our compliance surveillance, we have chosen to work with b-next, one of the leading systems in this field to ensure that we are proactive in improving compliance and the quality of our market abuse monitoring.”

“Russian firms in line with all other international operations are under pressure to adhere to tight market abuse guidelines and regulations in the EU in order to operate in the UK and across Europe. Firms like BCS are looking to market surveillance firms to ensure that they have systematic tools to allow them to monitor and identify complex, dangerous trends and suspicious patterns” says Martin Porter, Global Sales Director, b-next. “BCS has extensive expertise in developing systems which can provide clients with efficient execution. We are delighted to be integrating into their internal trading systems to provide required high standards of market surveillance.”