• Problems in the FX industry are big and hard to fight

Hear from the Experts
Hear from the Experts

Do you know who's putting your FX organization at risk?

Really, do you?...

Do you know who's putting your FX organization at risk?

Really, do you?...

...It is a tough question to answer. Human risk is the biggest challenge facing financial institutions today and nowhere is it more prevalent than in the foreign exchange (FX) market. From dealers chatting about manipulating the market, to emails containing details about collusion and front running activities  – problems are rampant and the stakes are high.

Market participants and regulators are demanding increased oversight, transparency, and controls, but typical keyword based surveillance technologies are falling short in detecting complicated and often intentionally concealed deal related communications. Here’s why:

  • FX dealers use a language of their own. That’s the way they communicate – Dead Presidents, Lots and a Copey – terms used every day by the FX dealer, but also terms that easily confuse most communications surveillance technologies  
  • Detecting terms like “yard,” “cable” or “fix” – yield overwhelming numbers of false positives – making finding true risks next to impossible 
  • The “signal” to “noise” ratio is impossible to manage – Human communication is complex, the language around FX is even more complex

All this makes finding people who are harming your FX organization extremely challenging and costly. But, you know that. What you don’t know is exactly what you are going to do about it.

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Market participants and regulators are demanding increased oversight, transparency, and controls, but typical keyword based surveillance technologies are falling short in detecting complicated and often intentionally concealed deal related communications. Here’s why:

  • FX dealers use a language of their own. That’s the way they communicate – Dead Presidents, Lots and a Copey – terms used every day by the FX dealer, but also terms that easily confuse most communications surveillance technologies  
  • Detecting terms like “yard,” “cable” or “fix” – yield overwhelming numbers of false positives – making finding true risks next to impossible 
  • The “signal” to “noise” ratio is impossible to manage – Human communication is complex, the language around FX is even more complex

All this makes finding people who are harming your FX organization extremely challenging and costly. But, you know that. What you don’t know is exactly what you are going to do about it.

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