Trading Technologies Unveils Forensic Surveillance Suite

The centerpiece of the update is a Market Replay module, which allows investigators to perform forensic audits over a 90-day lookback window. By visualizing the order book with tick-by-tick granularity, the tool aims to replace cumbersome manual reviews with a transparent, high-speed playback system. Complementing this is a redesigned case management interface built on a cloud-native architecture, intended to centralize investigative workflows and simplify collaboration for global compliance teams.

Jay Biondo, the company’s head of surveillance, described the release as a fundamental shift from legacy software constraints toward a more intuitive, data-heavy approach. The platform, currently utilized by over 100 global firms, remains anchored by its machine learning-powered spoofing detection. This system assigns a risk score between 1 and 100 to alerts, mapping them against historical regulatory actions to help analysts prioritize high-probability violations. By ingesting normalized data from both internal and external sources—including FIX drop copies and flat files—the platform seeks to reduce the noise of false-positive alerts while providing a scalable foundation for future artificial intelligence integration.