Eventus Systems announced that LedgerEdge has selected Validus as the real-time trade surveillance platform for all of its markets upon their launch. LedgerEdge’s chief operating officer, Ian Chicken, said in a statement that Validus is already integrated with LedgerEdge’s global technology partner Yaala Labs, which has worked with Eventus on behalf of mutual digital asset exchange clients.
LedgerEdge is a global corporate bond trading platform built on distributed ledger technology (DLT). It’s planning to launch as a multilateral trading facility in the UK later this year, and to roll out an alternative trading system (ATS) in the first quarter of 2022.
Chicken said in a statement: “Our innovative new platform will operate at the highest standards of trade surveillance and monitoring. We looked at several platforms, and Eventus stood out for its experience in handling large client implementations with significant real-time data requirements.”
Eventus CEO Travis Schwab said in a statement: “We’re thrilled to work with LedgerEdge and some of the most innovative minds in the industry to fulfill a vital role in this exciting new market center certain to disrupt the $41 trillion global corporate bond market. As we continue to grow our presence in the UK and Europe, along with the US and Asia, we are also proud to emphasize the versatility of Validus in providing robust trade surveillance capabilities for fixed income, as well as all major asset classes.”