OneMarketData links with UK’s FCA for advanced market surveillance


The UK’s Financial Conduct Authority (FCA) has tapped OneMarketData, a market surveillance technology firm, for a significant market surveillance project.

OneMarketData, acclaimed for its innovative surveillance tools and data solutions, stood out among 15 contenders in a competitive tender.

According to Finextra Research, the partnership aims to enhance the FCA’s ability to monitor market activities more effectively. By leveraging OneMarketData’s advanced surveillance system, the FCA seeks to intensify its efforts in identifying and investigating market irregularities, such as insider trading and market manipulation, and in real-time monitoring of market disruptions.

Specialising in surveillance and data analysis, OneMarketData provides a range of services used by asset managers, retail brokers, banks, market makers, and regulators. Its OneTick Surveillance system is notable for its comprehensive coverage of global equities, options, futures, and FX market data, along with user-friendly dashboards and customisable compliance workflows.

As the UK’s primary financial regulatory body, the FCA oversees the integrity of the financial markets in the UK. Its responsibilities include the regulation of financial firms and protection of consumers, ensuring market stability, and promoting healthy competition within the financial services industry.

OneMarketData’s solution will empower the FCA with new tools, enhancing its capacity to detect financial market anomalies efficiently. The cloud-based system will dynamically scale according to market volumes and adapt to emerging risks, fortifying the financial market’s integrity.

This collaboration marks a significant step in the evolution of market surveillance technologies. The FCA’s decision to adopt OneMarketData’s advanced system reflects its commitment to leveraging cutting-edge technology to uphold market fairness and integrity.

OneMarketData Senior Vice President of Regulatory Solutions, Dermot Harriss, said, “The service we’ve built for them is secure, programmable, will dynamically scale to meet increasing market volumes, and will allow the FCA to adapt to new risks to the integrity of our financial markets.”

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