Finance Magnates Ltd Information

We are offering a solution to a problem that our competitors have not addressed. What we can do for firms is monitor FX trading within the benchmarking window or throughout the day. We can detect 'wash trading' whereby two participants are trading with each other without changing each other's balance sheet but pushing up (or down) the value of a currency pair or influencing liquidity in that market. We can provide monitoring for 'cancelled trades' whereby false bids and offers are placed and removed without the intention of being executed. Our system can also monitor for 'pre-arranged trading' to detect co-operation between employees at different banks. 'Marking the fix' or 'marking the close' - we can focus on activity within the 4pm fixing window and then report to the firm whether traders are more or less active during a window compared to activity in the rest of the day or compared to other observed windows. b-next can detect changes in trading activity patterns with customised oversight parameters set by the client. We alert Compliance teams to unusual behaviour that FX traders may be engaged in to manipulate that fix. Large international banks and trading venues are using legacy systems which do not have the technology to carry out this level of monitoring. We are new to their selection criteria so we are trying to break into the interbank market. We have several banks and broker-dealers as clients but the large American and UK banks are not yet clients of ours. We have got a technological solution for them that can carry out systematic surveillance of malicious FX trading activity.