Eventus CEO Unveils Regulatory Challenges and Surveillance Trends at FIA Conference

John Lothian

John Lothian

Executive Chairman and CEO

AI, the major theme of the FIA Boca conference, is a big theme in the world of trade surveillance, according to Travis Schwab, CEO of Eventus. “Applying those technologies to surveillance is becoming very commonplace,” he said. Schwab was interviewed at the FIA International Futures Industry Conference in Boca Raton, FL by John Lothian News as part of the JLN Industry Leader series sponsored by Wedbush.

AI can’t simply be applied universally but requires “specific targeted use cases of AI and surveillance as a big thing,” said Schwab. Additionally, he highlighted the importance of data integrity, with both regulators and firms ensuring the accuracy and completeness of data sets. Lastly, Schwab noted the trend towards multi-asset classes, particularly spurred by the SEC’s new rules on broker-dealers. “There’s heightened interest among fixed income traders and in fixed income activity due to these regulatory changes,” he said.

One area of growth for Eventus has come from the EU and UK as MiFid II has required firms to monitor algorithmic trading, he said. 

Schwab said the volumes in spot bitcoin produced by the spot bitcoin ETFs means volumes are through the roof, which clients love, but it strains every piece of the system after that so Eventus is focused on jumping onto any issues before they happen and ensuring all data in the face of huge volumes is being captured correctly.

He said the bitcoin ETFs were another great use case for multi-asset class surveillance, with significant activity in the equity markets with ETFs and in the spot markets with bitcoin, ensuring that Eventus looks at those activities and ensures the platform is “sussing out behaviors that are interesting” to those clients.

There is not the same clear path for the ether ETF to get approved as the spot bitcoin ETF, Schwab said. He did say his customers are excited about the possibility of the new product. 

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