{"id":86596,"date":"2019-09-18T02:00:41","date_gmt":"2019-09-18T07:00:41","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?p=86596"},"modified":"2020-09-17T10:25:09","modified_gmt":"2020-09-17T15:25:09","slug":"6-real-world-examples-of-how-tt-score-solves-trade-surveillance-and-compliance-challenges","status":"publish","type":"post","link":"https:\/\/tradingtechnologies.com\/blog\/2019\/09\/18\/6-real-world-examples-of-how-tt-score-solves-trade-surveillance-and-compliance-challenges\/","title":{"rendered":"6 Real-World Examples of How TT\u00ae Score Solves Trade Surveillance and Compliance Challenges"},"content":{"rendered":"\n

Since launching TT Score<\/a>, the financial industry\u2019s first fully hosted, machine-learning-powered solution for trade surveillance<\/a>, we\u2019ve worked with a number of organizations across the globe to implement TT Score\u2019s compliance<\/a> surveillance capabilities.
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While the attributes of these firms vary significantly, they have all uniquely benefited from TT Score\u2019s\u00a0enhanced detection capabilities and workflow efficiencies. Each firm presents a unique set of regulatory challenges, which have been been successfully mitigated with the implementation of TT Score\u2019s machine learning technology.\u00a0
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Below are some specific examples of how TT Score has helped real-life customers. 
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<\/span>1. Large commercial firm<\/strong>
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Facing a substantial fine for manipulative trading activity, a large commercial firm was in a time-sensitive pursuit of surveillance software to help mitigate both the potential fine amount and any negative publicity. This would be the first time the organization\u2019s compliance team would utilize a surveillance solution to monitor all internal trading activity.
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After reviewing the capabilities of several different surveillance systems on the market, the organization selected TT Score primarily because of TT Score\u2019s machine-learning powered Spoofing model. The model has been trained with data from real regulatory cases cases to detect and classify potentially manipulative trading activity without\u00a0TT Score users having to constantly wrestle with parameter-setting. The organization believed that this technology was ideally suited for them as they do not have a large compliance team and cannot manage a bulky legacy surveillance system.
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Another standout reason for choosing TT Score was the extraordinarily efficient implementation process. This firm\u2019s traders are currently executing orders on TT\u2019s legacy X_TRADER\u00ae platform, which enabled quick implementation of TT Score throughout the organization. All order activity was seamlessly transferred from X_TRADER into TT Score via FIX Drop Copy and stored indefinitely for immediate access by the organization\u2019s compliance team. 
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By choosing TT Score, the compliance staff is now equipped with the financial industry\u2019s most advanced surveillance tools to help avoid future fines and further demonstrate a strong commitment to compliance.
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<\/span>2. Global brokerage<\/strong>
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A leading global brokerage and financial technology company contracted to utilize TT Score to oversee internal trading activity in their European offices. While this company already had a third-party surveillance system in place, they determined that TT Score\u2019s \u201crisk scores\u201d and award-winning visualization tools, like Heatmap and Outlier Chart, provided a more comprehensive and accurate assessment of regulatory risk than their current system for the firm\u2019s 100+ traders. 
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This company also viewed TT Score\u2019s Market Ladder Replay tool as a key differentiator when compared to other systems, as it provides users with a frame-by-frame replay of trading activity on an exact replica of TT\u2019s patented MD Trader\u00ae ladder and includes level II market data<\/a> for nearly every futures market<\/a> in the world.
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Although most of the firm\u2019s traders were using either Trading Technologies\u2019 TT or X_TRADER platform, a handful of traders was using alternative platforms for trade execution. Therefore, it was pertinent that their surveillance solution connect to third-party platforms as well as TT and X_TRADER. TT Score was able to satisfy this demand with FIX Drop Copy, which pulls order activity from any platform, including third-party vendors and proprietary systems, into the TT platform<\/a> and stores it indefinitely. 
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TT Score\u2019s platform compatibility as well as its market-leading visualization tools ultimately drove this firm\u2019s decision to choose TT Score as its trade surveillance solution. In doing so, the company\u2019s compliance team now has immediate access to trading activity across multiple platforms for a comprehensive assessment of the firm\u2019s compliance risk. 
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<\/span>3. Global proprietary trading firm<\/strong>
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FIX Drop Copy, which consolidates global order activity across multiple platforms for quick identification of risky trading behaviors, played a significant factor in a large global proprietary trading firm\u2019s decision to select TT Score. The firm, which previously relied on their broker to provide alerts to potentially high-risk activities, had decided to purchase an in-house, streamlined compliance system for monitoring its 100+ traders across multiple regions. In doing so, they required a surveillance solution that would connect with TT\u2019s software as well as other third-party platforms.
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TT Score\u2019s FIX Drop Copy did just that, seamlessly consolidating activity from the firm\u2019s order-entry platforms\u2014however, it was TT Score\u2019s advanced detection of spoofing behavior that ultimately drove the firm to choose TT Score. By leveraging machine learning and behavioral analytics, TT Score helps compliance professionals more accurately and rapidly detect patterns of trading that regulators could potentially flag as spoofing. With TT Score, this company is equipped to proactively identify and address potentially risky trading behavior and record all of their reviews in TT Score\u2019s fully integrated case management system.\u00a0
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<\/span>4. U.S.-based proprietary trading firm<\/strong>
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For a leading proprietary trading firm, TT Score offered machine-learning powered spoofing detection\u00a0capabilities that the firm couldn\u2019t replicate using their own proprietary surveillance solution. In addition, TT Score\u2019s unique visualization tools, such as Heatmap, Scorecard and Market Ladder Replay, enabled the firm\u2019s compliance team to monitor all internal trading activity and detect high-risk activity with minimal effort. Furthermore, the firm was able to upload historical data for analysis by TT Score\u2019s machine learning technology and quickly analyze past trading activity to prevent future high-risk trades that could draw regulatory attention.\u00a0
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<\/span>5. Global oil and gas organization<\/strong>
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With a small team of traders utilizing TT\u2019s legacy X_TRADER platform for order entry, a global oil and gas organization required a compliance solution that would seamlessly integrate\u00a0as they transitioned from X_TRADER to the TT platform.\u00a0
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TT Score\u2019s ability to pipe data from X_TRADER into the TT platform via FIX Drop Copy ensured that the firm\u2019s order activity would be accessible via the TT platform before and after the firm transitioned from X_TRADER to TT. In doing so, the firm will retain access to TT Score\u2019s advanced machine learning analytics and state-of-the-art visuals throughout the migration process. Additionally, the company will avoid the additional costs and resource-draining hurdles associated with reconnecting a surveillance system to a new trading platform<\/a> when they migrate to the TT platform. 
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<\/span>6. Asia-based asset management firm<\/strong>
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One TT customer, an Asian asset management firm, was in search of a market surveillance solution that would allow their compliance team to monitor trader activity and gauge the firm\u2019s overall compliance risk while also providing individual traders with the tools to replay and analyze their own trading activity. 
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Since TT Score is fully integrated with the TT platform, with just the click of a button, the firm\u2019s compliance officer and team of traders now has access to TT Score\u2019s advanced compliance surveillance capabilities. They also have access to TT Score\u2019s Market Ladder Replay, which provides the firm\u2019s traders with a frame-by-frame replay of their trading activity overlaid with market data on a ladder-style interface, to review complex trading strategies.
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Clearly the integration of TT Score with the TT platform makes advanced machine learning technology accessible to firms of all sizes, from the largest global bank to smaller organizations like this asset management firm. By removing hurdles associated with legacy compliance systems, such as parameter setting or the need for a dedicated server, TT Score brings advanced AI technology to every type of participant in the financial industry for the first time ever. 
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If you\u2019re a compliance or risk professional, contact your TT Sales or Customer Success representative and request a trial to experience the most advanced trade surveillance offering in the futures<\/a> industry for yourself.
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If you\u2019re an individual trader on the TT platform<\/a>, you can start using TT Score for $250 per month. Just contact your TT administrator and request that they activate TT Score by checking the \u201cTT Score User\u201d checkbox in the Setup console.
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If you\u2019re using TT but you aren\u2019t a managed user, you need to enable yourself as a TT Score user in the Setup app, then you can activate TT Score yourself by logging in and clicking on \u201cScore\u201d in the TT title bar; no setup is required.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since launching TT Score, the financial industry\u2019s first fully hosted, machine-learning-powered solution for trade surveillance, we\u2019ve worked with a number of organizations across the globe to implement TT Score\u2019s compliance surveillance capabilities.<\/p>\n","protected":false},"author":83,"featured_media":86609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[94],"class_list":["post-86596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-surveillance"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/posts\/86596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/comments?post=86596"}],"version-history":[{"count":0,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/posts\/86596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media\/86609"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=86596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/categories?post=86596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/tags?post=86596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}