AUSTIN, Texas, Nov. 17, 2016 (GLOBE NEWSWIRE) -- Fresh off CEO Travis Schwab’s appearance on the SEC’s FinTech Forum panel titled “Investor Protection in the Fintech Era”, Eventus Systems announced a continued expansion of the asset classes covered by their flagship solution Validus. The addition of surveillance and compliance for global futures trading comes as the company opens a New York office to be headed by the newly hired Scott Schroeder, Managing Director, New York.
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The hiring of Mr. Schroeder is expected to be seen as a clear signal to the market that Eventus is moving rapidly to ensure comprehensive coverage of all asset classes. Recent regulatory actions against firms for spoofing activity, as well as other trading infractions, have raised the alarm with risk managers and compliance officers across the financial industry.
“Scott is a futures industry veteran, who will hit the ground running with our existing clients as well as quickly expand into new markets,” states CEO Travis Schwab.
Asked why he joined Eventus after having served as Head of Buy-side Sales at Trading Technologies, Scott Schroeder said “Risk and surveillance continue to dominate the mindshare of the buy-side and sell-side, and Eventus is uniquely positioned to benefit from this trend. I am thrilled to be here and really excited with the opportunity available to Eventus.”
About Validus
Validus is a software platform that provides an independent and holistic view of key areas of risk and compliance in real time. The solution is available as a Cloud and an Enterprise version to meet the needs and budget of any size firm.
The reception of Validus from the industry has been impressive according to Mr. Schwab. “The industry clearly appreciates the breadth of the platform that allows not only surveillance, but the ability to alert, report and monitor across financial, operational, market, surveillance and compliance risks in real time using reconciled data.” He followed by sharing “We have a prominent, global FCM customer going into production shortly on Validus Cloud in futures and have several more about to close.”