Actimize Signs Deal With Netherlands Financial Markets Regulator for its Flagship Market Abuse Solution

Actimize, a provider of transactional risk management software for the financial services industry and a NICE Systems company, said that the Netherlands Authority for the Financial Markets (AFM) has selected the Actimize Market Abuse Solution to improve its surveillance and supervision of the Dutch market and detect various forms of market abuse such as market manipulation and insider dealing.

The AFM, the fourth largest regulator of financial markets in Europe, was established in March 2002 to supervise the conduct of the entire Netherlands financial market sector and to ensure that participants are handled properly and that they have accurate information. Market Abuse has become more difficult to detect over the last few years, due to the increasing complexity of financial instruments.

The Actimize Market Abuse Solution monitors and detects suspicious transactions and automatically distributes alerts directly to relevant users within an intuitive case management workflow environment. The system uses several analytical methods to assign a priority score to alerts, thus improving the efficiency of regulators, trading managers and compliance staff. The Actimize solution is built on a single, integrated platform that enables enterprise customers to add additional compliance, fraud and anti-money laundering solutions over time, while retaining the same detection engine, case manager interface, dashboard, interactive trade blotter, investigation and audit tracking and other functions. "The AFM's requirements are to ensure that the capital markets operate in a fair and efficient manner and to strengthen supervision in order to maintain confidence in and the reputation of the Dutch market," said Bruno Piers de Raveschoot, head of Actimize Europe, in a press release. "By implementing the Actimize Market Abuse Solution, with its proven ability to meet global regulatory demands and monitor all types of markets and instruments together with flexibility in the management of alerts, the AFM has adopted an unparalleled capability to enhance its status in the market," he said.