Capital Market firms in need for better surveillance system

Half of the Capital Market Industry is found of not having a proper surveillance systems and tools to monitor, despite off regulatory reforms. A study by Progress Software, conducted on 125 respondents, both the service buyers and providers confirms the statistics. Absence of proper monitoring tools has resulted in to serious issues like the May 6 “Flash Crash” in the past, which a majority of people surveyed believed could have been prevented. The survey report concludes that there is a need of transparency of transactions in order to avoid any market mishap and directly affect the investor sentiments through liquidity.

Half of the respondent's surveyed; demand for a risk check before trading for the sponsored access while 13 percent believed that these kinds of practices should be diminished. Chief Technology Officer of Progress Software alleged that the Capital Market firms are in need to alter their current system, to have smooth and transparent operations.