NEW YORK–(BUSINESS WIRE)–Trillium announced today that Chicago-based proprietary trading firm Gelber Group will now use Trillium’s Surveyor platform for trade surveillance.
Trillium successfully onboarded nine different data sources for Gelber across seven different markets, completing the onboarding process on budget and ahead of schedule.
“We are very happy with both the Surveyor product and the responsiveness of the engineering team at Trillium,” said Jennifer Tveiten-Rifman, Gelber’s Chief Compliance Officer. “Surveyor shows us so much more market context for each event than what we were used to, which makes reviewing alerts much easier.”
“We are excited to welcome Gelber into our family of satisfied Surveyor users,” said Trillium CEO Barry Schwarz. “They were among the first futures shops to sign with us and we look forward to adding many more.” Trillium announced a separate deal with Advantage Futures in October.
Surveyor is the only trade surveillance software that qualifies alerts using full depth-of-book market data. Competing software just uses top of book data, missing real market manipulation and producing useless false positives.
Trillium is a diversified financial services firm operating both Trillium Trading, a proprietary intraday equities trading group, and Trillium Labs, a trading technology development group and the creator of Surveyor, a post trade analytics and market surveillance tool designed to detect and eliminate market manipulation. Trillium is headquartered in New York City, with trading floors in Chicago, Miami and Princeton. For additional information, please visit TRLM.com or follow Trillium on Twitter, and LinkedIn.
Bailey Kessing, 212-401-2356