Country for PR: United States
Contributor: PR Newswire New York
Thursday, May 13 2021 - 11:00
AsiaNet
Sydney-based Morrison Securities turns to Eventus Systems for trade surveillance
AUSTIN, Texas and SYDNEY, May 13, 2021 /PRNewswire-AsiaNet/ --

  -- Continued uptake of Validus platform in Asia-Pacific region as Eventus
     signs first Australian client

Eventus Systems, Inc. ( https://www.eventussystems.com/ ), a leading global 
provider of multi-asset class trade surveillance and market risk solutions, 
announced today that Sydney-based Morrison Securities ( 
https://c212.net/c/link/?t=0&l=en&o=3160681-1&h=2321743920&u=https%3A%2F%2Fwww.morrisonsecurities.com%2F&a=Morrison+Securities 
), a major Australian stock brokerage firm, will deploy its Validus ( 
https://c212.net/c/link/?t=0&l=en&o=3160681-1&h=3571033077&u=https%3A%2F%2Fwww.eventussystems.com%2Fvalidus-overview%2F&a=Validus 
) platform for trade surveillance in equities, equity options and warrants. 
Morrison is the number one broker in the Australian Securities Exchange (ASX) 
equity derivatives market by volume and value and a leading provider of 
execution and clearing services to Australia Financial Services Licence (AFSL) 
holders.

Logo - https://mma.prnewswire.com/media/635481/Eventus_Systems_Logo.jpg  

This is the first Australia-based client for Eventus, which has earned 15 
global awards and honors ( 
https://c212.net/c/link/?t=0&l=en&o=3160681-1&h=3296689048&u=https%3A%2F%2Fwww.eventussystems.com%2Fcompany%2F%23Awards&a=15+global+awards+and+honors 
) in the past few years and steadily grown its presence around the world, 
including in the Asia-Pacific (APAC) region. 

Eventus CEO Travis Schwab said: "We are thrilled to welcome Morrison as our 
first client based in Australia and excited to partner with this market leader 
as our firm continues to grow and evolve. We've continued to make strong 
inroads into APAC and expect that we'll see significant growth in Australia and 
other parts of the region in the coming year. Increasingly, firms that have 
been using legacy surveillance platforms are turning to us for the efficiencies 
and flexibility that Validus provides."

Morrison will go live on Validus in July for trade surveillance of the firm's 
activity on the ASX, Chi-X Australia (CXA) and the National Stock Exchange of 
Australia (NSX). The brokerage will deploy the cloud-based version of Validus, 
hosted in real time.

William Slack, Managing Director, Morrison Securities, said: "We see a lot of 
similarities between our two organizations and share a common philosophy with 
Eventus of putting clients first. Its reputation for client service is 
outstanding, and we've had a really good engagement all the way through, from 
our sales representative to senior leaders. We view Eventus as a true partner, 
where we can work closely together to develop what we need and efficiently 
scale our trade surveillance capabilities as we expand onto new exchanges and 
delve more deeply into the markets we're trading.

"We believe the functionality of Validus - particularly the artificial 
intelligence overlay when it comes to alerts - will allow us to be more 
efficient and precise with how we manage the alerts that come through. Under 
our current platform, our compliance staff has so much data to sift through 
each day that it is extremely time consuming to determine which alerts are 
valid and worth pursuing. By introducing machine learning over time in the 
system, we'll cut out the noise and reduce the scope of those alerts 
significantly, which means we'll save a lot of time and really be able to focus 
on what we need to."

Validus uses machine learning and robotic process automation to enable users to 
cast a wide net for detecting relevant market behavior and escalate the most 
actionable alerts for immediate attention. The unique approach enables 
compliance and risk officers to dig more deeply into potential issues and take 
resolution action faster, while accounting for all behavior that might easily 
get overlooked by legacy surveillance methods. Validus also provides a complete 
audit trail of all automations for use in supervisory reviews and regulatory 
inquiries.

About Eventus Systems

Eventus Systems is a leading global provider of multi-asset class trade 
surveillance and market risk solutions. Its powerful, award-winning Validus 
platform is easy to deploy, customize and operate across equities, options, 
futures, foreign exchange (FX), 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 centers, buy-side institutions, energy and commodity trading 
firms, and regulators. The company's rapidly growing client base relies on 
Validus and Eventus' responsive support and product development teams to 
overcome its most pressing regulatory challenges. For more, visit 
www.eventussystems.com.  

About Morrison Securities

Morrison Securities Pty Limited (ABN 50 001 430 342) has been a Participating 
Organisation of the Australian Securities Exchange since 1985 and is also a 
market participant of Chi-X Australia, NSX and the Sydney Stock Exchange (SSX). 
Morrison was acquired by Sequoia Financial Group (ASX:SEQ) in September 2017. 
The firm specialises in providing white-labelled trading solutions to 
broker-dealers. Morrison provides seamless and cost-effective execution and 
clearing solutions to Australian Financial Services Licence (AFSL) holders such 
as financial planners, financial advisors, buy side, high net worth individuals 
and trading educators. The team has the right combination of experience and 
market knowledge necessary to fuel the growth of clients' businesses. Morrison 
Securities clients can streamline their business operations and expand their 
service offerings, while benefiting from the experience and support of the 
firm's professional team.

SOURCE: Eventus Systems  

CONTACT: Ellen G. Resnick, Crystal Clear Communications, +773-929-9292; 
+312-399-9295 (mobile), eresnick@crystalclearPR.com