Apex Clearing, a custody and clearing engine powering the future of wealth management, announced on Wednesday it is entering into a strategic partnership with Trillium, a financial and technology service provider, for surveillance technology, Trillium’s Surveyor Inbox, for Apex Customers.
According to the duo, Surveyor Inbox is a customized version of Trillium’s Surveyor Enterprise platform, which is a post-trade surveillance tool used by Apex as well as trading firms, broker-dealers, and other clearing firms to monitor for different kinds of manipulative trading tactics across multiple global markets and asset classes.
“The Surveyor Inbox software tool will allow Apex correspondents to instantaneously review, analyze and respond to surveillance inquiries helping to streamline the compliance process, reduce manpower requirements and potentially minimize the risk of analytical errors.”
While sharing more details about the partnership, Bill Capuzzi, CEO of Apex Clearing, stated:
“Trillium is doing some of the most advanced work in trade surveillance, delivering smart technology tools to streamline burdensome compliance efforts. Making these capabilities available to all Apex correspondent broker-dealers just furthers our commitment to modernizing the financial industry from the inside out.”
Barry Schwarz, CEO of Trillium, added:
“We are excited about Apex’s decision to partner with Trillium, and we are confident that Apex’s wide range of clients and customers will appreciate the value proposition of Surveyor Inbox. Apex’s innovative spirit over the years has pushed the boundaries of what is possible and changed the industry for the better. I have no doubt this partnership will continue that tradition.”