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Trade surveillance, explained.
Plain-English guides to the conduct surveillance analysts monitor, the law behind it, and how the same behaviour is treated across the world’s major markets. Drawn from the full course curriculum.
Foundations
What is trade surveillance?
What trade surveillance is, how it differs from transaction monitoring, and what a surveillance analyst actually does day to day.
Manipulation typology
What is spoofing?
How spoofing creates a false impression of supply or demand, why it is illegal, and the order-book signatures surveillance systems look for.
Reporting
STOR, STR, SAR, SMR: the reporting terms
The suspicious-activity reporting regimes of the UK, US, Singapore, Hong Kong and Australia, what each means and who it goes to.