FTX US to Deploy Eventus Validus Platform for Trading Surveillance

The leading cryptocurrency exchange FTX US announced that it has selected Eventus Systems, a leading global provider of multi-asset class trade surveillance and market risk solutions for trade surveillance and risk monitoring of crypto spot, futures and options markets.

According to the press release, the crypto exchange will deploy the Eventus Validus platform to conduct trade surveillance and risk monitoring on FTX US, and FTX US Derivatives, its recently acquired licensed cryptocurrency futures and options exchange and clearinghouse.  

FTX US Derivatives plans to leverage the substantial alert coverage, end-to-end trade practice investigation tools, and advanced data tagging provided by Validus to surveil its listed derivatives market.

In addition, FTX US Derivatives and FTX US plan to implement cross-market surveillance to detect behavior that spans multiple asset classes and order books, and utilize machine learning-based noise reduction tooling in Validus to enable compliance staff to focus on key information.

“We chose Eventus because its team has extensive experience in meeting the highest regulatory and compliance standards across multiple asset classes – including crypto and listed derivatives – and has ensured that Validus can address the rigorous demands of the marketplace,”Brett Harrison, FTX US President said.

“We’re excited to provide the exchange with a proven, powerful platform that can scale to meet its needs going forward as it continues to attract new institutional and retail clients and as the global regulatory environment for crypto matures,”Eventus CEO Travis Schwab added.