FSA uses SAS and Detica for MiFID Compliance Market Abuse Detection
SAS has been chosen by Detica to be a core technology provider for its recently announced deal with the UK’s Financial Services Authority (FSA). SAS UK and Detica will deliver a new market monitoring system that will assist the FSA to identify and pursue insider dealings and other market misconduct. The new intelligence solution will detect and combat market abuse by analysing trading in a diverse range of financial instruments. It will provide the FSA with intelligence on unusual and potentially unlawful activity on UK markets. By using this new solution, the FSA aims to significantly enhance its capability to fight market abuse. SAS Enterprise Intelligence Platform has been chosen to form the data integration, BI and analytics part of the solution. The group has already begun work with the FSA with the final contract spanning over a seven-year period.