Cross-Market Surveillance
Correlates activity across venues and related instruments to catch manipulation invisible to single-venue surveillance
Instrument Groups Tracked
8,940
Venues Connected
14
Under Investigation
2
Highest Correlation Score
84
| Instrument Group | Venues | Correlated Pattern | Score | Status |
|---|---|---|---|---|
| Solera Industrial (Equity + Options) | LSE, Eurex | Options position ahead of equity ramp | 84 | Under Investigation |
| FTSE 100 (Cash + Future) | LSE, ICE Futures Europe | Futures buildup preceding index-name buying | 71 | Under Investigation |
| Northwind Infra (Bond + CDS) | MTS, ICE CDS | CDS widening ahead of bond block sale | 59 | Analyst Review |
| Aurelia Shipping (Dual-listed) | LSE, Euronext Paris | Cross-venue price divergence exploited | 47 | Analyst Review |
| Castellan Retail (Equity + Single Stock Future) | LSE, Eurex | SSF basis anomaly | 22 | Closed — No Action |
About This Agent
Data on This Page
Instrument groups (equity plus its derivatives, dual-listed names, related credit and bond exposures) linked across venues, with the correlated pattern detected and an alert score. Stat tiles cover instrument groups tracked (8,940), connected venues (14), open investigations, and the highest correlation score currently on file.
What This Agent Does
Builds a graph linking each name to its listed derivatives, dual listings and related credit instruments, then looks for activity in one leg that precedes or exploits a move in another — options positioning ahead of an equity ramp, futures buildup ahead of cash buying, CDS widening ahead of a bond block — patterns that are invisible to any single-venue or single-instrument surveillance system.
Worked Examples
- An account built a large out-of-the-money call position on Solera Industrial options on Eurex hours before a coordinated buying ramp in the underlying on the LSE — scored 84, under investigation.
- ICE Futures Europe FTSE 100 futures buildup preceded a wave of index-constituent buying on the LSE cash market by 20 minutes, consistent with a leader-follower manipulation pattern.
- Castellan Retail's single stock future basis anomaly was closed with no action — explained by a scheduled dividend ex-date the model hadn't yet priced in.