Mantas and IBM collaborate for trading abuse monitor

Mantas, a compliance technology provider for the financial services and telecommunications industries, has partnered with IBM to develop Mutual Fund Monitor, a system developed to enable fund managers to detect market timing, late trading, self-dealing and breakpoint violations.

The product is designed to analyse trading scenarios and behaviour patterns of individual portfolio managers; if any suspicious activities are detected, alerts are sent to a fund’s designated officials - compliance and risk officers or fund managers.

Peter Adams, head of brokerage and mutual fund product management at Mantas, says his firm has developed an array of scenarios to analyse a mutual fund’s trade data for specific activities and behaviours.

"We take all of a fund manager’s data into

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