LedgerEdge selects Eventus Systems for global trade surveillance

By Joy Dumasia

Eventus Systems, a global provider of multi-asset class trade surveillance and market risk solutions, announced that LedgerEdge, the new global corporate bond trading platform built on distributed ledger technology (DLT), has selected Validus as the real-time trade surveillance platform for all of its markets upon their launch.

LedgerEdge, the next-generation trading ecosystem, plans to launch later this year as a multilateral trading facility in the U.K. and roll out an alternative trading system (ATS) in the first quarter of 2022, subject to the usual regulatory approvals.

Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (F.X.), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centres, buy-side institutions, energy and commodity trading firms, and regulators.

Ian Chicken, Chief Operating Officer of LedgerEdge, said: “Our innovative new platform will operate at the highest standards of trade surveillance and monitoring. We looked at several platforms, and Eventus stood out for its experience in handling large client implementations with significant real-time data requirements. Validus and the Eventus team also came highly recommended by a London-based firm that has been using the platform since last year.”

Eventus CEO Travis Schwab said: “We’re thrilled to work with LedgerEdge and some of the most innovative minds in the industry to fulfil a vital role in this exciting new market centre certain to disrupt the $41 trillion global corporate bond market. As we continue to grow our presence in the U.K. and Europe, along with the U.S. and Asia, we are also proud to emphasize the versatility of Validus in providing robust trade surveillance capabilities for fixed income, as well as all major assets classes.”

IBS Intelligence recently reported that LedgerEdge, an ecosystem for corporate bond trading, announced the selection of capital markets infrastructure provider Yaala Labs to support its technology delivery.