New York - NICE Actimize, the provider of a single financial crime, risk and compliance software platform for the financial services industry, has announced the availability of a comprehensive hedge fund trading compliance solution designed to monitor the activities of hedge funds across all cash market and derivative asset classes (exchange-traded and OTC). NICE Actimize provides multiple deployment options, including on-premise, as well as hosting in a secure data center as an alternative delivery mechanism to help firms reduce the cost of operating and maintaining software in-house and acquiring market data.

The Actimize Hedge Fund Trading Compliance solution includes a broad range of analytical models designed to detect illicit or non-compliant behaviour by combining out-of-the-box detection and investigation capabilities to ensure identification of potential compliance issues, such as insider trading, market manipulation, securities fraud, and deceptive practices. With comprehensive audit, query and reporting tools, the NICE Actimize solution aims to provide end-to-end compliance risk management that specifically meets the needs of hedge funds' complex trading environments and a demonstrable system of surveillance for regulators.

"With the changes imposed by Dodd-Frank legislation, hedge funds must adopt more effective controls to ensure regulatory compliance and better equip themselves to address future regulations," said Amir Orad, President and CEO, NICE Actimize. "To accomplish this, hedge funds must effectively partner with a solutions provider whose approach supports a comprehensive compliance risk management strategy that provides quick assessment of company policies and procedures to combat improper and/or unauthorized dealings. We are already seeing positive response for our specific approach to market needs, due to our combined expertise in addressing customer needs in regulatory compliance and technology innovation."