SunGard has extended the capabilities of its Protegent market abuse solution to help firms comply with the Dodd-Frank Act's anti-manipulation requirements, including the latest rules from the U.S. Commodity Futures Trading Commission.

The CFTC has adopted a new rule that makes it easier to prove fraud and manipulation in the derivatives markets and expands the Commission's authority into new areas, such as commodities and swaps. In addition, the Securities and Exchange Commission intends to expand its anti-manipulation provisions to security-based swaps and impose broader liability with respect to securities generally.

Although many firms maintain manual anti-manipulation records, the complexity and interconnectedness of these new and expanded requirements make automation a top priority. To help customers comply with the new rules, SunGard has enhanced Protegent with the following:

An extended rules library to help flag potential instances of market abuse as outlined by the CFTC's anti-manipulation rules;

Market data from more than 160 trading venues globally, which customers can use to help them distinguish market anomalies from potential acts of manipulation;

Case management tools to help increase the productivity of surveillance staff; and

Enhanced reporting graphics and user dashboard.

“Under Dodd-Frank, most trading firms, banks, insurance companies, hedge funds and brokers will have to adequately measure and monitor all variables of anti-manipulation. They need fully automated systems to help ensure compliance without negatively effecting productivity," said Steve Sabin, chief operating officer of SunGard's Protegent business unit. "Protegent helps each customer manage their specific compliance requirements without creating burdensome IT or vendor dependencies, costs and timelines.”