TradingHub, a leading provider of risk-based trade surveillance software for the global financial services industry, is excited to announce its expansion into Australia with the opening of a new office in Sydney. Serving half of the world’s largest global banks and processing over 220 million trades daily across 45 countries, TradingHub’s new Australian headquarters will play a crucial role in the company’s continued growth within the APAC region and beyond.
As market manipulation becomes increasingly sophisticated and widespread across various asset classes and venues, the complexity of trade surveillance has intensified. Coupled with a more rigorous regulatory environment that imposes hefty fines for non-compliance, financial institutions are under unprecedented pressure to detect, address, and prevent market manipulation. TradingHub’s advanced trade surveillance technology is designed to help institutions navigate these evolving regulatory demands.
TradingHub’s surveillance system (MAST) operates within a strong financial market and regulatory framework, designed to close critical gaps by employing unique models that detect cross-product abuse, primary market abuse, and monitor activities in less transparent markets. It also significantly cuts down the high costs associated with investigating false positives.
This innovative technology has rapidly established TradingHub as a leading partner in trade surveillance for top financial institutions, as evidenced by the company’s notable year-on-year annual recurring revenue (ARR) growth.
“Australia is one of the most dynamic and exciting financial markets globally, facing its own set of sophisticated and unique market manipulation challenges,” said Neil Walker, CEO of TradingHub. “With ASIC and other global regulators adopting a more stringent enforcement stance, Australian financial institutions need specialized surveillance tools and intelligence to meet evolving regulatory requirements. We are thrilled to offer this level of performance to the Australian financial community and look forward to supporting these distinguished organizations in achieving their trade surveillance objectives.”
Leading TradingHub’s Australian operations will be Michael McNeil, Senior Relationship Manager for Australia, and David Farr, Senior Advisor. They will report to Shayne Ganeson, Global Head of Sales and Relationship Management. Michael brings over 25 years of experience in financial markets, having held roles in Fixed Income Sales at Merrill Lynch, Nomura, and Deutsche Bank. Before joining TradingHub in 2018, he was a Partner at Autonomous Research in the Credit Trading and Sales team.
David, a seasoned financial services executive with international experience in Europe and Australia, previously served as the Executive General Manager of Commonwealth Bank of Australia’s (CBA) Financial Crime Remediation and Uplift program. He also held senior positions at CBA and Merrill Lynch, and was involved in Risk Management at the Australian Securities Exchange.
“The Australian regulatory community is known for its commitment to fair markets and its proactive stance on non-compliance,” added Walker. “Successfully navigating this environment requires a deep understanding of current regulatory expectations and potential future shifts. David and Michael’s extensive experience in finance, regulation, and technology will help the Australian financial sector meet its immediate regulatory needs and advance its surveillance capabilities. Together with our comprehensive technology suite, we are confident in our ability to help the Australian financial community elevate its surveillance practices and achieve new levels of success.”
