Trading software should help insider dealing investigations
There has been growing demand for trading software within the financial industry for some time with fears that many innocent parties have become involved in insider dealing investigations of which they have no knowledge and no involvement. Some of the latest trading software can literally track a bargain from the advisor in question all of the way through to the dealer.
Insider trading is becoming more and more of a problem for regulators in the UK and around the world and the introduction of new software can only help. Any insider trading investigation is complicated at the best of times and by adding more layers of investigation this not only extends the time period for potential prosecutions but it also adds to the cost. While there's no doubt that the FSA has greatly improved its own insider dealing tracking systems there is still work that can be done to take away the pressure of digging deep to find who placed the order and who else was involved.
We have seen some very high-profile prosecutions over the last few months with regards to insider trading and there are many more in the pipeline if the rumour mill can be believed.
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