Spotware Launches Cross-Firm Alerts About Potential Trading Threats
Photo: TokenPost
Spotware Systems launched cAntifraud Wednesday, Nov. 4, enabling foreign-exchange and contracts-for-difference brokers and proprietary trading firms to exchange data and receive alerts about potential threats while leaving account and payout decisions to each firm. The service assesses risk during onboarding, including initial know-your-customer checks, then monitors trading activity. It examines trading patterns, execution timing, account links and signs of coordinated activity. Participating firms exchange encrypted, anonymized data and receive alerts about potential threats. They cannot view other members’ client information. cAntifraud does not automatically block traders or decide whether payouts should be approved; each firm’s risk team handles those decisions.
Source: TokenPost
