Financial Tracking Technologies said its insider trading detection technology has been expanded to cover international markets.
The international compliance module will compare and flag market action, events and news against employee or company managed portfolio transactions, to find potential instance of trades occurring before a market-moving event.
The compliance module will work with the company’s existing MarketACE database, which automatically consolidates market events and news on a company-by-company basis.
The expanded compliance module covers 19 countries and 23 regulatory jurisdictions, said Tony Turner, a principal of the Greenwich, CT, company.
The compliance module also integrates with the software’s Employee TradeSphere module and other commercial employee trading and compliance workflow platforms. This allows gathering and aggregating of employee trades and holdings automatically.
-- This article first appeared on Securities Technology Monitor.