Otkritie Capital, the investment banking arm of Otkritie Financial, is deploying cloud-based market abuse surveillance and anti-money laundering systems from NICE Actimize in support of Otkritie’s direct market access (DMA) platform and broker dealer activities, according to NICE Actimize. The services will be hosted by NICE Actimize from the company's U.K. data center.

Otkritie Capital services are rendered in the U.K. by Otkritie Securities Ltd, an indirect subsidiary of Otkritie Financial.

Otkritie Capital’s DMA platform allows customers to take advantage of the latest technology to reduce costs and increase the speed of transactions, opening up more trading strategies and opportunities.

Otkritie Capital will use NICE Actimize's cloud-based technology for its trading practices compliance program, to detect and report potential market abuse and money laundering activities across its European business. A global team based in London, Moscow and Frankfurt will coordinate the delivery of the market abuse surveillance and anti-money laundering applications.

NICE Actimize says its systems are used by financial institutions and regulators to increase their insight into suspicious behavior and improve risk and compliance management. The automation provided by the systems is designed to improve the identification and reporting of suspicious transactions.

"Otkritie Capital conducted a rigorous search with stringent criteria before choosing NICE Actimize for the automation of our regulatory compliance initiatives in trading and fixed income," Nils Jahn, managing director of global electronic trading at Otkritie Capital, said in a statement. "We were impressed with NICE Actimize's strong performance record in implementing cloud-based solutions quickly with large financial institutions, particularly across global organizations."



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