Detect market manipulation across every asset class — in one platform

The challenge

Regulatory obligations for trade surveillance — MAR, MiFID II, FINRA, CFTC and other regulatory frameworks globally — require firms to monitor increasingly complex order flow across fragmented markets, venues and asset classes. Legacy platforms produce high false-positive rates, struggle with cross-asset detection, and generate investigations that must be rebuilt in spreadsheets for regulatory submission. And when a trade alert also involves a communications pattern, the analyst has to log into a separate system to see both sides.

How Behavox solves it

Polaris applies AI-powered detection across order, execution and position data — surfacing manipulation patterns across asset classes with fewer false positives. When an alert requires a communications review, Polaris integrates with Quantum to surface the relevant communications context alongside the trade alert — so analysts see the full picture in one workflow.

For existing Quantum clients, Polaris Quantum-Combined mode unifies trade and communications surveillance on a single platform — trade alerts with communications context in one investigation view, combined STOR/SAR generation in one step, no cross-system manual aggregation.

Capabilities

• Detection across 10 asset classes on one platform — including crypto and prediction markets, which most legacy surveillance platforms do not cover. Equities, fixed income, FX, commodities, money markets, Structured Products, Funds & CIS, Environmental Products, digital assets and Event Contracts & Prediction Markets — all in a single analyst console.
• Manipulation pattern detection — spoofing, layering, wash trading, front-running, cross-market and benchmark manipulation.
• Cross-asset and cross-venue pattern recognition — manipulation spanning venues or asset classes is surfaced, not siloed.
• Integration with Quantum — the conversation and the trade in one investigation view.
• Alert-disposition workflow — built-in case management and regulatory reporting.

Business outcomes

• Cross-asset manipulation patterns detected that single-asset tools miss.
• Investigation accelerated through integrated communications context — no separate system query.
• Regulatory investigation documentation assembled in the platform, not rebuilt manually.
• Regulatory information requests fulfilled in under 72 hours via on-platform Trade Reconstruction — vs. multiple business days on legacy platforms.

Proof

Built for the surveillance obligations of tier-1 and tier-2 banks, broker-dealers and asset managers across multiple asset classes and global venues. Powered by Behavox Polaris, part of the Behavox Unified Controls Platform.