LONDON and AMSTERDAM, Jan. 24, 2023 /PRNewswire/ — Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has selected the firm’s Validus platform to provide market abuse monitoring on the exchange.
Headquartered in Panama City, Panama, Deribit is the world’s largest cryptocurrency options exchange by volume and open interest, with approximately 90% market share in Bitcoin and Ether options. The exchange also offers select futures on cryptocurrencies.
Deribit Chief Legal, Compliance & Regulatory Officer David Dohmen said the exchange considered several trade surveillance systems in anticipation of operating under the Virtual Assets Regulatory Authority in Dubai and as Deribit looked to expand into additional jurisdictions while maintaining the highest compliance standards.
He said: “Once I joined Deribit and our search for a surveillance vendor was underway, I was able to share that Eventus’ customer service is excellent. I’ve looked at and worked with a variety of trade surveillance systems, including Validus in two of my former roles since 2019. I was most impressed with the dedication and diligence of the Eventus team to continuously work with its clients to help improve how the system can meet our needs and resolve any issues we encounter along the way. They care about getting things done; it’s not just about the numbers.”
Additional factors in Deribit’s selection of Eventus, Dohmen said, were the firm’s extensive experience with digital asset exchanges and competitive pricing, along with the fact that Validus is intuitive and easy to use. Deribit will begin using Validus this quarter.
Eventus CEO Travis Schwab said: “We’re delighted to help Deribit achieve heightened surveillance capabilities. As the exchange continues to grow and expand its business to new regulatory jurisdictions, our Validus platform provides the scalable, agile solution the compliance team will need as its volumes increase and regulatory requirements become more complex.”
Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company’s rapidly growing client base relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventus.com.
[Editor’s Note: Deribit is not available in the United States or other restricted countries.]
View original content to download multimedia:https://www.prnewswire.com/news-releases/leading-cryptocurrency-options-exchange-deribit-selects-eventus-for-trade-surveillance-platform-301728869.html
It is hard to get excited after looking at Occidental Petroleum's (NYSE:OXY) recent performance, when its stock has…
Yahoo Finance Live anchors discuss news that 3M will cut 2,500 jobs.
Yahoo Finance Live anchors discuss fourth-quarter earnings for Verizon.
Energy stocks can be a great place in the market to find dividends that you can hold forever. Energy companies are often less speculative than growth stocks, and are built to generate consistent returns on investments over time. Here a look at why I love Kinder Morgan (NYSE: KMI) and TotalEnergies (NYSE: TTE) and their 5.9% and 4.6% respective dividends — and why Petrobras (NYSE: PBR) doesn't have a sustainable dividend to bet on.
2022 was a miserable one for investors, right? For most that’s probably true but most definitely not for Ken Griffin. The billionaire not only beat the market by a huge margin and outpaced his fellow billionaire colleagues, he did so at record-breaking levels. Per LCH investment data, Griffin’s hedge fund Citadel raked in profits of $16 billion – the most ever seen on Wall Street – whilst delivering for investors returns of 38% from its main hedge fund. Considering that performance, for investor
Warren Buffett's still got it. Buffett's investment conglomerate, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), once again crushed the market in 2022, besting the S&P 500's 18% decline (factoring in dividends) with a nearly 4% gain. For over five decades, Buffett has earned fortunes for Berkshire's shareholders by buying and holding high-quality, low-risk stocks.
Halliburton (HAL) delivered earnings and revenue surprises of 7.46% and 0.05%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live’s Jared Blikre breaks down how stocks are moving in intraday trading.
(Bloomberg) — A wave of sell orders targeting financial services stocks swept across American equity exchanges at the open of trading Tuesday, sending companies including Wells Fargo & Co. and Morgan Stanley to brief but sharp plunges from which they mostly quickly recovered.Most Read from BloombergUS Confronts China Over Companies’ Ties to Russian War EffortCitadel’s $16 Billion Win Tops Paulson’s Greatest Trade EverHow Apple’s Upcoming Mixed-Reality Headset Will WorkBlizzard Manager Departs I
Wall Street moved slightly lower during the third trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week — Bed Bath & Beyond (NASDAQ: BBBY), Alcoa (NYSE: AA), and ExxonMobil (NYSE: XOM) — plunged 8%, dipped 7%, and closed flat, respectively, averaging out to a 5% decline.
By Lisa Thompson NASDAQ:GROM Fresh off a December $5.0 million capital raise and reverse split in December, Grom Social Enterprises (NASDAQ:GROM) is poised to capitalize on a number of promising initiatives over the next several months. The company now has 3.2 million in fully diluted shares and trades at a market capitalization of $5.5 million. It has approximately $4 million in cash after its
Exxon Mobil (XOM) closed at $112.76 in the latest trading session, marking a -0.52% move from the prior day.
Investors are especially charged up about fuel cell specialist Plug Power (NASDAQ: PLUG) though. As of 11:14 a.m. ET, shares of Plug Power are up 7.8%. Investors are particularly interested in the announcement since Plug Power and Nikola inked a hydrogen supply agreement in December.
Yahoo Finance Live dissects trends in Chinese EV stocks Nio, Li Auto, and Xpeng correlated to the country's recent reopening from zero-COVID policies.
In the latest trading session, AbbVie (ABBV) closed at $148.55, marking a -0.7% move from the previous day.
(Bloomberg) — The popping of the bubble in US stocks is far from over and investors shouldn’t get too excited about a strong start to the year for the market, warns Jeremy Grantham, the co-founder and long-term investment strategist of GMO. Most Read from BloombergUS Confronts China Over Companies’ Ties to Russian War EffortCitadel’s $16 Billion Win Tops Paulson’s Greatest Trade EverHow Apple’s Upcoming Mixed-Reality Headset Will WorkBlizzard Manager Departs In Protest of Employee Ranking Syste
Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter. A copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to 8.42% for the Russell 2000 Value Index and 9.21% for the Russell 2500 Value Index. Health Care […]
The Oracle of Omaha never saw a future in cryptocurrency.
Palm Valley Capital Management, an investment management firm, released its fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, Palm Valley Capital Fund returned 3.86% compared to a 9.19% rise for the S&P SmallCap 600 Index and an 8.05% return for the Morningstar Small Cap Index. A […]
The bank took heavy losses in the fourth quarter and has a lot of moving parts on its balance sheet.
Get detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
The #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet