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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.

Guides

What is trade surveillance?

Foundations What trade surveillance is, how it differs from transaction monitoring, and what a surveillance analyst actually does day to day.

What is spoofing?

Manipulation typology How spoofing creates a false impression of supply or demand, why it is illegal, and the order-book signatures surveillance systems look for.

STOR, STR, SAR, SMR: the reporting terms

Reporting The suspicious-activity reporting regimes of the UK, US, Singapore, Hong Kong and Australia, what each means and who it goes to.