Mercury Derivatives Trading taps Eventus Systems for trade surveillance

Global trade surveillance and risk management software platform provider Eventus Systems, Inc., announced that global futures trading firm Mercury Derivatives Trading has deployed Eventus’ Validus platform for trade surveillance.

Mercury Derivatives is part of the Hertshten Group. The company has adopted the cloud-based version of Validus on a T+1 basis for market surveillance, including the ability to identify and address a wide range of potential market manipulation behaviors.

Elad Hertshten, a senior member of the Hertshten Group, said:

Elad Hertshten, Hertshten Group

Elad Hertshten
Source: LinkedIn

For us, we find that one of the most important things to survive long-term in this industry is to be fully compliant. Trade surveillance is a key component of that, including complying with the exchanges in which we operate.

Mercury Derivatives had been using a trade surveillance platform it acquired. However, the platform required significant resources to maintain, including an in-house developer. Mercury Derivatives planned to outsource next year but accelerated its plan after seeing Validus and participating in a custom demo.

technology partnership

Hertshten added:

“I’m a big believer in outsourcing what we’re not specialized in. The Validus technology is much more advanced than what we had. And we were particularly impressed with the people, hands-on support and professionalism. They delivered what they promised. Implementation was quick. The integration went smoothly, the communication has been great, and all timetables were met.”

Amit Bhanwani, Head of Business Operations, commented:

The Validus platform is quite intuitive, and we really like the open architecture and ability to build any type of automation into Validus on the basis of our requirements. The information captured in the platform is very granular in nature so if we want to see the data in a different format, we can drill down and add it to our main user interface. That gives me confidence that any form of customization is possible in this system.

Eventus CEO Travis Schwab, said:

Travis Schwab, Eventus Systems

Travis Schwab
Source: LinkedIn

We’re delighted that Mercury Derivatives has put its confidence in us and look forward to a lasting relationship. Our focus from the beginning has been to offer clients not only superior, easy-to-use technology that meets the highest regulatory and firm standards, but also high-touch service they can’t find elsewhere.

The Hertshten Group is headquartered in Mauritius also has operations in India, Israel, the UK and Canada.

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