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BasisCode releases insider trading software solution.

BANKING AND CREDIT NEWS-October 13, 2016-BasisCode releases insider trading software solution


Atlanta, Georgia-based BasisCode Compliance has introduced Insider Trading Manager, the first comprehensive insider trading software, which tracks and analyzes trading in real-time and detects suspicious trades, the company said.

Insider Trading Manager addresses a major and prevalent risk faced by financial services firms. The software provides a complete work flow analysis totally integrated into a firm's compliance monitoring system.

As an integral part of a firm's compliance monitoring system, Insider Trading Manager monitors all of a firm's trading activity -- for its clients and its employees' accounts. Monitoring is conducted on an ongoing basis and is not activated solely on the basis of a material event.

The software enables firms to detect the misuse of material non-public information by identifying potentially illegal transactions using patent-pending filtering mechanisms designed to reduce the probability of false positives and enhance the accuracy of items that warrant review and includes a complete workflow and audit trail.

BasisCode Compliance, founded in 2011, is a provider of regulatory compliance software solutions which help manage the risk lifecycle from identification to resolution. From core compliance to personal trading and insider trading, each BasisCode software solution is available as a stand-alone product or offered as part of an integrated package.

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 13, 2016
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