Simplify, streamline and strengthen your trade surveillance
eflow’s trade surveillance software has been engineered to provide financial firms with a dynamic, highly configurable solution for tackling market abuse that reduces the ‘noise’ of false positives to a whisper.
Trade surveillance software monitors your firm's orders and trades to detect potential market abuse, such as insider dealing, spoofing, layering and wash trading. eflow's trade surveillance technology, powered by PATH AI, uses machine learning to cut false positives, so compliance teams spend their time on real risk. It supports market abuse obligations under UK and EU MAR and US rules from the SEC, FINRA and CFTC.
Powered by a unique combination of rules-based logic and the latest AI, machine learning and behavioural analytics, it has been engineered to provide firms with a cutting-edge, dynamic solution for tackling market abuse while streamlining compliance processes.
Highly configurable alert parameters cut through the noise, reduce false positives, and enable you to identify genuine instances of market abuse quicker.
PATH AI Analyst is an intelligent, precise and defensible AI tool that speeds up alert investigation, provides full audit trails, supports regulatory reporting, and prevents the ‘black box’ obscurity that regulators hate.
eflow’s ‘noise cancelling’ technology enables proactive alert investigation, not reactive box-ticking.
We'll do the heavy lifting - a dedicated onboarding specialist, end-to-end project management and clear delivery milestones to get you live quickly and efficiently.
Configure your system to your firm’s specific needs, risk profile and trading style - maximise efficiency while strengthening governance.
Benefit from regular functionality upgrades, new feature releases, and software that scales with you - not legacy tech that leaves you trying to catch up.
Book an interactive demo to see how we can help you to manage your regulatory challenges in a more robust, streamlined and efficient way.
Switching trade surveillance systems is often one of compliance’s most resource-intensive projects, with data analysis, configuration, testing and sign-off competing with day-to-day duties. Many firms 'make do' with their existing technology, deterred by hefty implementation fees and past onboarding experiences marked by limited support, unclear ownership and outsourced service. eflow removes this barrier, combining technology, automation and expertise to deliver value fast.
Tried and tested rules-based alerts are combined with the efficiency of AI-powered alert investigation to provide context-rich and fully auditable information.
Use PATH AI Analyst to investigate suspicious behaviour and build comprehensive reports while generating full audit trails for regulators.
Tailor your platform’s configuration in a dedicated Sandbox environment using your own data before promoting changes to your live system.
Integrate your trade surveillance and eComms surveillance for a truly holistic approach to preventing market abuse.
Automatically monitor all asset classes, including digital assets, to identify suspicious behaviour and provide evidence to the relevant NCA.
Enjoy the peace of mind that comes with direct access to eflow's team of onboarding specialists, customer success managers and technical experts.
Financial institutions are under increasing pressure to demonstrate robust and holistic controls to prevent market abuse. eflow’s trade surveillance technology monitors for all market manipulation and insider dealing typologies as outlined under regulatory frameworks including the FCA, EU (MAR), SEC, FINRA, CFTC, MAS and other NCA-designated agencies.
It can surveil all major traditional and crypto asset classes, while dynamic alert parameters can be configured to meet your specific requirements, risk profile and trading strategy. The system then identifies suspicious behaviour based on a rules-based and risk-based model to offer ‘noise cancelling’ surveillance by reducing false positive alerts and allowing your team to focus on genuine threats. Every alert generated by the system is supported by fully auditable evidence which is also automatically submitted to the relevant NCA.
eflow Trade Surveillance is built for financial institutions including brokers, CFD and trading platforms, asset and wealth managers, hedge funds, proprietary trading firms and investment banks. It gives these firms enterprise-grade market abuse surveillance without the cost and complexity of systems built for Tier 1 global banks. More than 140 financial institutions use eflow, including Plus500, RBC Brewin Dolphin, Finalto, Mirae Asset Securities and Tradeview Markets.
Yes. eflow Trade Surveillance supports firms regulated by the SEC, FINRA and the CFTC, alongside the FCA, EU MAR regulators and MAS. Alert models cover U.S. market manipulation rules including FINRA Rule 3110 (supervision), FINRA Rule 5270 (front running), SEC Rule 10b-5 and CFTC anti-spoofing rules. North American clients are supported by our U.S.-based team and also benefit from localized data hosting.
eflow’s trade surveillance solution is built on its own PATH AI platform, rather than building bespoke systems client-by-client. This means faster deployment, regular regulatory updates that reach every client at the same time, and the option to add eComms Surveillance, Best Execution or Transaction Reporting on the same platform at a later date. Each client also has a dedicated customer success manager and is backed by eflow’s 20 years of regulatory expertise.
eflow’s trade surveillance technology detects all major market abuse typologies, including insider dealing (insider trading in North America), wash trading, spoofing, layering, front running, ramping and marking the close. It covers all major asset classes such as equities, fixed income, FX, derivatives and CFDs, as well as crypto assets. Each alert model can be switched on, off and tuned separately for each asset class, client type and risk profile.
eflow reduces false positives through conditional parameters that adjust automatically to each instrument's volatility, liquidity and trading volume. Compliance teams can adjust and test changes in the eflow Sandbox on their own historical data before promoting them to their live system, and PATH AI Analyst flags likely false positives and suggests parameter changes. One eflow client, an online trading platform, reduced false positives by more than 60% in under three months through a combination of more flexible alert configurations and auditable testing in their Sandbox environment.
Yes. eflow combines tested rules-based alert models with AI-assisted investigation, so decisions are never a black box. Every alert shows the parameters that triggered it and the records involved. PATH AI Analyst explains its reasoning in plain English, and every session, parameter change and user action is logged in a full audit trail that compliance teams can show to the FCA, SEC, FINRA, CFTC or other regulators.
eflow takes order and execution data from a firm's existing systems via API connections to OMS and EMS platforms, secure file transfer (SFTP) or other execution and booking platforms. A dedicated onboarding specialist handles data mapping, so firms do not need to reformat their data first. Alerts are then automatically enriched with market and news data from the eflow Market Data Store, which draws on more than 250 sources.
eflow is priced as an annual subscription based on the modules selected by the client and their trading volume. Because every eflow solution runs on the same PATH platform, firms can start with Trade Surveillance and add further modules later without any additional implementation costs. A tailored quote is available to all firms after a short scoping call.
Switching to eflow typically takes up to 12 weeks depending on the client’s setup. eflow’s onboarding model combines technology, automation and expertise so that our clients can derive value from their system as quickly as possible. And because our model is so efficient, we don’t charge an implementation fee. Every eflow client has a dedicated onboarding specialist, end-to-end project management and clear delivery milestones. eflow handles data mapping and configures alert parameters around the firm's trading activity and risk profile.
Yes. An interactive product tour is available on this page, and eflow's specialists can host a live demo using scenarios that match your firm's trading activity. Book a demo via the eflow website to schedule a call at your convenience.
Yes. eflow's eComms Surveillance solutions can be fully integrated with the eflow Trade Surveillance system to provide a holistic, context-rich approach to tackling market abuse. In a fully integrated system, compliance teams are able to quickly identify and investigate messages linked to suspicious trading activity, generating additional insights.
eflow holds ISO 27001 certification and SOC 2 Type II accreditation. eflow client data is hosted on AWS Dublin (Ireland) and AWS US East (N. Virginia). Other AWS regions are available on request. Full security documentation is available to prospective clients during procurement.
