Finalto selects eflow Global to unite trade surveillance on one platform
Finalto has chosen regulatory technology from eflow Global to enhance its trade surveillance and best execution monitoring.
The move will see Finalto consolidating various surveillance and compliance activities into a single platform, aiming to simplify data management, strengthen the detection of suspicious activity, and bolster compliance across its global trading operations. This integration is expected to help Finalto maintain adherence with rules, including MiFID II and other regulations, while reducing operational load and improving insight into trading activity worldwide.
Platform consolidation
The adoption of eflow Global's technology means Finalto will have access to a streamlined workflow for its compliance and trade surveillance teams. The technology offers a unified platform that handles multiple processes, thereby removing the need for separate systems and various data silos.
By integrating several procedures into one platform, Finalto looks to make its reporting more accurate and operational processes more efficient. The system allows for the consolidation of different data files into an accessible, single workflow, aiding daily compliance management.
The decision to partner with eflow Global followed an evaluation of several providers, with Finalto selecting the platform for its reliability and comprehensive offering. The integrated approach is designed to support a scalable, data-led compliance practice as Finalto manages trading and liquidity across thousands of global financial markets.
Executive perspectives
Paul Groves, CEO of Finalto, commented: "As a market leader serving clients worldwide and providing liquidity in thousands of financial markets, Finalto is strengthening its surveillance and execution oversight with eflow's cloud-based platform, delivering advanced trade surveillance and analytics with robust MiFID II controls and comprehensive records."
Ben Parker, CEO of eflow Global, added: "Finalto operates at the highest level of complexity, providing liquidity across thousands of global markets and managing risk at scale. Its sophistication and reach make it a natural fit for eflow, as our technology is built to support firms with the most demanding compliance and surveillance needs. By consolidating all of Finalto's trade surveillance and best execution processes into a single, integrated platform, we're helping the firm manage vast amounts of data with precision, improve anomaly detection, and ensure compliance with stringent regulatory requirements."
Supporting regulatory requirements
Compliance with market conduct regulations and best execution standards is a consistent challenge for financial institutions operating across jurisdictions. As rules such as MiFID II require comprehensive oversight and robust record-keeping, firms have increasingly sought to automate and centralise surveillance functions to reduce errors and maintain up-to-date controls.
Finalto's use of eflow Global's solution is positioned as a way to tackle these requirements with a digital infrastructure capable of scaling alongside the firm's activities. The partnership underlines industry demand for configurable, digital regulatory tools that limit manual processes, automate detection and reporting, and support growth across markets and asset classes.
Operational impact
The deployment of eflow's technology is anticipated to lower the day-to-day workload for Finalto's compliance team through more efficient data processing and better integration of various surveillance procedures. By unifying surveillance and best execution onto one platform, Finalto aims to have a comprehensive, coherent view of all trading activity, facilitating more robust detection of suspicious or anomalous behaviour.
Both firms have underlined the importance of this partnership in supporting a high standard of regulatory compliance, operational efficiency, and data management across global markets.
