AUSTIN, Texas--(BUSINESS WIRE)--Eventus Systems, Inc. (“Eventus”), a new independent technology firm leveraging deep data and domain expertise, proven technology, an experienced management team and high tech innovation, today announced the launch of a groundbreaking new platform called Validus. The solution is the securities trading industry’s first enterprise run-time risk and compliance platform covering the front-, middle- and back-office functions of the trading business.
Eventus fuses tech innovation, intelligent data and deep financial services expertise. Eventus is led by a veteran management team, including Travis Schwab, the former CEO of RGM Securities, LLC, Managing Director at RGM Advisors, LLC and Managing Director at Trading Technologies, Inc., and Jeff Bell, formerly the CEO of Lime Brokerage and EVP and Head of the Clearing and Technology Group at Wedbush Securities. The firm brings exceptional talent and software pedigree to its holistic risk management and compliance platform, Validus.
Schwab, CEO of Eventus, comments, “From our broad capital markets experience inside of trading, brokerage and clearing firms, we recognized that organizations need an independent source of information. This was the genesis of Validus – to empower key stakeholders responsible for their organization’s governance, including board members, executives, risk managers and compliance officers, with a way to know the definitive moment-to-moment health of their trading enterprise.”
Validus is the industry’s only enterprise run-time platform for trading risk and compliance, looking across front-, middle- and back-office functions. Validus was built and battle-tested within a renowned automated trading firm and enables sophisticated surveillance and insight into the trading enterprise even in the toughest market conditions.
“Validus is unlike anything else out there in the market,” comments Bell, President of Eventus. “In order to have true risk surveillance, firms need a run-time solution to identify and address risk issues immediately. Through the latest advancements in data management, we’ve created a platform that will give all key stakeholders, including risk managers and compliance officers, peace of mind, knowing that they have a truly independent and comprehensive assessment of their financial, regulatory, counterparty, operational and technology risk at all times.”
Validus features “multi-stream data reconciliation,” a new way to capture and organize data flows and then process, reconcile, transform and pipeline that data in order to accurately report on risk. The platform is built to deliver scalability and high performance, with the proven ability to process billions of messages.
RGM Advisors, LLC CEO Richard Gorelick says, “I’m thrilled at what Travis Schwab and his team are doing at Eventus. I truly believe that the broader market needs better technology to solve the numerous challenges market participants face in light of massive amounts of data, increased regulation and new competition.”
ABOUT EVENTUS
Eventus Systems, Inc. is a groundbreaking new independent technology firm using high tech innovation and data management to solve industry challenges. We help our clients succeed through intelligent data. Led by a veteran management team, Eventus brings exceptional talent and pedigree in software, with a particular expertise in financial market structure and high-performance data management.
Eventus’ Validus is the only run-time enterprise risk and compliance platform focused on the front-, middle-, and back-office on the market, allowing for sophisticated surveillance even in the most challenging market conditions. The entire governance and supervisory organizations within financial firms need to know the definitive health of the trading enterprise – Validus provides an independent source of truth for financial, regulatory, counterparty, operational, and technology risk within an organization. Through multi-stream data reconciliation and pipelining, Validus offers a high-performance, scalable platform that was built and battle-tested in the toughest market conditions.
