Eventus, a leading provider of comprehensive, at-scale trade surveillance and financial risk solutions, and Blue Ocean Technologies, a capital markets fintech leader in global trading and data, announced that Blue Ocean ATS has selected Eventus' Validus platform as its trade surveillance solution.

Blue Ocean ATS Chief Compliance Officer Chris Meade said: "As the first after-hours trading platform to round out the 24-hour equities market, our mission is to continue providing subscribers an efficient marketplace to help them manage risk. To support our ongoing expansion, we rely on robust tools, effective safeguards, clear policies and strong surveillance measures, all critical elements of our ongoing risk controls and success.

"Selecting the Validus solution will significantly increase our ability to monitor activity on the Blue Ocean ATS platform as a result of its comprehensive surveillance features and processes. Our ability to view what we need in a centralized, flexible and scalable fashion through Validus is essential functionality that serves our evolving and growing business."

Eventus CEO Travis Schwab said: "As the equities market increasingly moves toward a 24/5 model, we are uniquely positioned as the leader in the trade surveillance space to support marketplaces and market participants in this important evolution. We're thrilled that Blue Ocean – which has forged a new path as a first mover for subscribers to experience reliability, transparency and best execution in the after-hours session – has chosen to rely on our firm for protecting the integrity of its markets."

The Validus platform was selected by Blue Ocean Technologies as a strategic choice for not only meeting its trade surveillance requirements but also for its effectiveness in handling large volumes of data and driving more meaningful analysis – enhancing reporting across operations and enabling longer-term data-driven decision making.

Eventus has been a leader in providing award-winning trade surveillance solutions for multiple asset classes, including equities and the 24/7 digital asset market. In a recent article, Trade Surveillance After Hours: Preparing for 24/5 Equities Trading, Martina Rejsjo, Eventus Vice President, Product Management, pointed out that surveilling a 24/5 market requires new thresholds, procedures, staffing models and more – and surveillance systems must be adaptable to meet these challenges.