SIX Exchange’s New Trading Surveillance System Uses Artificial Intelligence

The recent launch of “Prometheus”, the new trading surveillance application, sees SIX Exchange Regulation (SER) set new standards for the monitoring of SIX stock exchanges. SER uses artificial intelligence, machine learning and big data as a basis for this. “Prometheus” will gradually replace the trade monitoring software currently in use. The operational launch of the Insider Trading module sees SER’s trading surveillance division open up a new chapter in the uncovering of insider trading in Switzerland. Since its entry into the Financial Market Infrastructure Act reporting regime, the trading surveillance unit now has at its disposal more information regarding the beneficial owner of a transaction. Thus, the trade data can be linked to the transaction data. The Insider Trading module is the first of two modules that will come together to form “Prometheus”. The second module, Market Manipulation, is currently under development and due to be released in the first half of 2021