Background
There is an obligation under the Market Abuse Directive to effectively monitor all trades to ensure that instances of market abuse are detected.
As part of this, a large UK asset manager has implemented MAST (Market Abuse Surveillance Tool), which is provided by Trading Hub, a third-party.
MAST provides the UK-based asset manager with a post trade monitoring solution to recognize potential issues and post information barriers across all traded asset classes.
Trade and position data is sent to MAST in batch jobs and a dedicated compliance team checks various alerts that are generated in the front using information that is sent from the OMS2.
Mindtree Solution
| Customer Challenge | Mindtree’s Solution | Business Benefits |
| Our client needed to meet a regulatory requirement that translated to non- trading in a company’s securities due to insider information. | - Worked on all the trading information based on a third-party solution that checks all the trading patterns including security, price, time, etc. - Supported the upgraded requirements based on the updates to the MAST system. - BAU issue analysis and support. |
Ensured that the client adhered to the Market Abuse Regulation requirement. |
Market Abuse Regulation Solution
