Trade Surveillance
The surveillance-monitoring pack examines a supplied account-and-symbol window. When it raises an alert, two independent specialists build the strongest manipulation and legitimate-trading cases for adjudication and officer review.
Capture
The supplied orders, cancels, and fills form the episode under review.
Monitor
Deterministic detectors inspect the supplied window for layering, spoofing, wash trades, and other configured typologies.
Adjudicate
Commissions prosecution and defense arguments, then returns substantiated, unsubstantiated, or refer for officer review.
- hands the case to Prosecution argument
- hands the case to Defence argument
Embedded specialist: argues the case that the episode is manipulation.
Embedded specialist: argues the innocent explanation for the same tape.
Resolve
Substantiated findings go to the officer for accountable investigation and action.
Suspicious transaction and order reporting. Open work — no Cadre pack is assigned yet.
The walkthrough
- 1
Lookout examines the supplied tape for layering, spoofing, and wash-trade patterns, then records why a window does or does not warrant an alert.
- 2
Two independent specialists build the strongest manipulation and legitimate-trading cases; the adjudicator verifies both against the tape.
Open example capture - 3
Substantiated rulings land with the surveillance officer; Cadre does not yet cover regulatory filing.