![]() ![]() Citing concerns about high levels of manipulation, the United States Securities and Exchange Commission has so far consistently rejected Bitcoin-ETF applications, with Chairman Jay Clayton stating the agency will need to see effective market surveillance. Market manipulation is one of the biggest hurdles to increasing institutional adoption and regulatory approval of digital assets. An analysis by the Wall Street Journal from August 2018, as one example, estimated that pump & dump schemes in crypto markets accounted for $825 million in trading activity in only six months, translating to hundreds of millions of dollars in lost funds. As a result, numerous studies consistently raise concerns that as much as 95% of crypto trading volume is potentially manipulative.ĭue to the lack of high surveillance standards across the crypto industry, it is difficult to account for the exact amount of funds manipulators swindle from legitimate crypto traders, but the number is estimated at tens of billions of dollars. The threats addressed with the new capabilities include common concerns like wash trading, spoofing and pump-and-dump, as well as new crypto-specific manipulation typologies like cross-market manipulation, and hack-and-trade.Īccording to the CryptoCompare Exchange Benchmark report, only five out of 159 ranked exchanges employ an externally provided surveillance system - and those who do are leading the ranking for trading volume credibility. AAX is gaining a heightened ability to detect, investigate, manage and report abusive behavior based on behavioral and historical patterns - using a single unified dashboard for holistic risk monitoring and increased operational efficiency. Solidus Labs’ market surveillance solutions will enhance AAX’s institutional-grade trading infrastructure with state-of-the-art compliance tools tailored for digital assets. In partnering with Solidus Labs, AAX is adopting the highest digital asset market surveillance standards. AAX will work with the New York-based provider of crypto-native market surveillance and compliance software to monitor for trade abuse risks and improve market integrity. ![]() ![]() ORE is free/open software, provided under the Modified BSD License, which permits using and modifying the code base as well as incorporating it into commercial applications.Hong Kong / New York - May 19th, 2020 -, the next-generation cryptocurrency exchange powered by London Stock Exchange Group Technology’s Millennium Exchange, and member of London Stock Exchange Group’s Partner Platform, announced today it is partnering with Solidus Labs. ORE is sponsored by Quaternion Risk Management as part of the firm’s commitment to transparency in pricing methods and risk analytics applied in the industry. ORE is based on QuantLib, the open source library for quantitative finance, and it extends QuantLib in terms of simulation models, financial instruments and pricing engines. various examples that demonstrate typical use cases.simple application launchers in Excel, LibreOffice, Python, Jupyter.interfaces for trade/market data and system configuration (API and XML).contemporary risk analytics and value adjustments (XVAs).an extensible foundation for tailored risk solutions.a benchmarking, validation, training, teaching reference.The Open Source Risk project aims at establishing a transparent peer-reviewed framework for pricing and risk analysis that can serve as
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