KRM22 is pleased to announce its second partnership in Israel, where one of the country's largest banks will be using the KRM22 Market Surveillance product to monitor for market abuse across its equities and fixed income trading.
KRM22 Market Surveillance software is used by exchanges, regulators, buy and sell side firms globally, to monitor for market abuse and to carry out a range of data analytics. Our service provides a unique level of insight and context allowing clients to efficiently monitor their business and manage regulatory obligations with confidence. Firms today are facing an increased level of scrutiny from a wider range of regulators than ever before, and Israel is no different. Recent regulatory developments led by the Israeli Securities Authority require firms to now monitor for eleven different trading scenarios, all of which are catered for by KRM22's Market Surveillance system.
This will be KRM22’s second go-live in Israel, aided by the partnership with STP house; a financial messaging boutique, focusing on back-office solutions. KRM22 and STP house work closely together to offer advanced surveillance technology, combined with local knowledge and support creating an efficient onboarding and implementation process, with seamless on-going customer service. Firms represented by KRM22and STP house can be confident that they not only meet local regulatory obligations but follow global surveillance best practices too.
Jon Klaff, Head of Partnerships at KRM22 said: “We are delighted to welcome our second Israeli customer to the KRM22 surveillance community and big thanks goes to STP house - our business and delivery partner in Israel – that have enabled it. We at KRM22 are excited to be helping Israeli banks to adopt technology to be ready to embrace the changing world of regulation”.
Dael Shalev, CEO at STP House, adds: “We're happy and proud to add another major Israeli bank to our client base. Our focus is assisting clients in adopting and leveraging the latest technology to enhance financial operations, control, and efficiency. With the KRM22 Market Surveillance solution we help clients bring their trading control to the next level, with full compliance with Israeli regulations."
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' market, compliance, operations, and technology risk challenges and to manage their entire enterprise risk profile. Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha. KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centers.
Learn more about KRM22 at www.KRM22.com.
About STP House
STP house is a financial messaging boutique, focusing on back-office solutions with a proven track record in project execution and client care in the US, Europe, and Israel. STP house core value is at delivering financial solutions, implementation services and project management for the financial market. We assist our customers with cutting their operational costs, increasing efficiency, and improving projects execution.
Learn more about STP house at https://stphouse.com/