Fonetic helps banks and financial institutions to take a proactive approach on regulatory compliance, fighting fraud and mitigating risks.
With our solutions, you can anticipate regulatory requirements, control the trading floor behaviour and break the information silos to prevent fraud, market abuse and act quickly on compliance breaches with deep learning technology, in constant evolution.
Your most vulnerable channel is also the hardest one to supervise.
Get the whole trading floor under surveillance: spot rogue traders and market abuse intents before they become a hazard to your business and reputation.
Stay ahead of regulation with a solution designed for the trading floor.
MiFID II and MAR have demanding requirements on how financial institutions should store and monitor trade communications.
Fonetic Trade Comms Suite helps firms to fight fraud and market abuse by breaking the information silos and providing a comprehensive view of traders’ behaviour.
Fonetic proactive trade reconstruction processes 100% of trading floor communications and automatically links them to their trade.
With all the information organized in one place, firms get a unique outlook of the trading floor and gain agility to act upon misconducts.
Whatever your technical or regulatory needs, Trade Comms Suite provides the right deployment to fit your firm under the highest security standards.
Deploy into the cloud, rely on your data centre on prem or chose a hybrid solution.
Installation within 1 month
Choose either managed service, hosting in your own cloud or a hybrid approach.
Transparency on Cloud Infrastructure consumption and cost
Compliant with EBA recommendations on cloud outsourcing
MiFID II has been in place since January 3rd, 2018. It gives a compulsory set of organisational requirements on investment firms and trading floors. Among the most important points of MiFID II are the following:
More pre-trade and post-trade transparency
Record communications for 5 but up to 7 years upon request
Fines of up to three times the profit made from market abuse
Communications should be available to regulators upon request
Telephone and emails conversations should be recorded so that they can be replayed but not manipulated