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Take Profit Trader Deploys Eventus Validus Platform for Trade Surveillance of 90,000+ Active Traders
Eventus, a leading provider of comprehensive, at-scale trade surveillance and financial risk solutions, and Take Profit Trader (TPT), a leading futures proprietary trading firm, announced that TPT has recently deployed the Eventus Validus platform as its trade surveillance solution to ensure that the 90,000+ active traders it backs align with exchange and regulatory compliance requirements.
Take Profit Trader has deployed Validus across its entire trading ecosystem, ensuring every stage of the trader journey, from evaluation to funded accounts to live-market trading, operates under institutional-grade surveillance standards.
James Sixsmith, CEO of Take Profit Trader, said: “We wanted to deploy a best-in-class, exchange-trusted surveillance solution for both our simulated and live-trading environments. We need full visibility into what our traders are doing, not only in the context of their own trading, but also how they’re behaving with other traders and the market itself.
“Our partnership with Eventus helps to ensure we’re backing and developing traders who are in alignment with exchange and regulatory compliance standards. The Validus coverage enables us to detect anomalies, unusual patterns, inappropriate behaviors such as wash trading and attempts at market manipulation, and much more. Eventus helps improve our exchange compliance integrity with a robust surveillance software that’s used by many of the most recognized names in the financial industry.”
Take Profit Trader selected Eventus as its trade surveillance provider based on the firm’s exchange-trusted reputation, high-accuracy technology and proven track record with some of the most recognized names in financial services.
“Take Profit Trader has grown at a rapid pace as futures trading has become increasingly attractive to a broader community,” said Travis Schwab, CEO of Eventus. “It’s critical that the firm’s trade surveillance software can monitor the activity not only of the more than 90,000 active traders today, but potentially hundreds of thousands tomorrow. We’ve built Validus to scale as our clients grow, and we’re honored to meet the evolving needs of Take Profit Trader for its vital compliance program.”
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