CMC:Energy

How can you protect your firm from price rigging in the energy markets?

As the regulator’s gaze is drawn towards allegations of price rigging in the energy markets, the need for protection against this type of fraud becomes more urgent. CMC:Energy helps you to comply with REMIT (Regulation on Energy Market Integrity and Transparency / (EU) No 1227/2011) and meets the compliance operational requirements specified by ESMA (European Securities and Markets Authority) Guidelines as well as the MAR (Market Abuse Regulation) Mandate effective from July 2016. CMC:Energy delivers effective monitoring for fraudulent activities including Layering, Momentum Ignition, Marking the Fix and Price Ramping – all of which can abnormally influence the value of positions and benchmark pricing.

Main features

CMC:Energy offers the following functionality:

  • Includes Standard Data Integration
  • Standard connectivity to trading platforms like Trayport and Endur(OpenLink) for importing order and transaction data
  • Standard adapter for importing market data, fixings and news from multiple vendors is available (e.g.Trayport, Thomson Reuters, Interactive Data,…)
  • Parameter values can be flexibly configured on contract level
  • Modern and intuitive management cockpit for graphical visualisation of compliance-relevant risks, patterns and trends across all venues and products
  • Watch lists and restricted lists management
  • Management of temporary and permanent insider lists
  • Monitoring of potential market abuse activities via best practice analysis scenarios across a wide range of asset classes e.g. Gas, Oil, Power
  • Modern and intuitive management cockpit for graphical visualisation of compliance-relevant risks, patterns and trends
  • Supports reporting to the national regulatory authorities (e.g. Bundesnetzagentur /BaFin in Germany / Ofgem in GB)
  • Captures and documents of energy-related ad hoc news from the market including date and precise time specification in seconds

CMC:Energy delivers 21 Standard Surveillance Scenarios to monitor Energy Trading across all exchanges and OTC trading, including:

  • Layering
  • Spoofing
  • Marking the Fix
  • Pre-Arranged Trades
  • Ramping
  • Phantom Orders

 

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Complexity

Global monitoring and management of market abuse and insider dealing behaviour

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Compliance

Fulfilment of REMIT, ESMA and MAR requirements and response to regulatory changes

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Detection

Early alerting and deep insights into potential incidents

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Usability

Fast roll-out and go-live

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21 scenarios

Out of the box

Get your personal demo of CMC:Energy

Request a demo now to learn more about how CMC:Energy allows you to monitor fraudulent activities effectively while perfectly complying with operational requirements.

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SoftSeq has certified the Security Compliance of CMC:eSuite with all applicable requirements of OWASP Application Security Verification Standard Level 2, version 3.0.1

A full methodology is available on request.