BME launches SICAM 2.0, its new RegTech platform against market abuse

• The new platform release covers more markets and will speed up the work of financial institutions´ regulatory compliance teams, asset managers and brokers
• The service, which is already a leader in Spain with around 40 clients, can be exported to other countries where SIX has a presence

BME is launching the new release of its SICAM platform to complete its RegTech service offering. BME's Trade Surveillance service, aimed at financial institutions, asset managers and brokers, has been modernized to cover more markets and products, as well as improving usability and user experience. SICAM 2.0 features a highly intuitive website that makes the analysis and management of alerts generated by the tool easier, thus speeding up the work of compliance teams. It offers an interface specifically redesigned  to make it easier for clients to quickly analyze potential market abuse scenarios. It also incorporates new intraday information charts, regulatory announcements, client statistics and historical alerts broken down by client.

With this new release BME completes and complements its Regtech market offering, as it provides a Transaction Cost Analysis and Best Execution service that facilitates and speeds up regulatory compliance for its clients.

The platform’s previous release is already a leader in its home market, boasting around 40 clients only in Spain. SICAM 2.0 allows the service to be exported as it offers information on more than 40 international markets and in the coming months it will also incorporate their Regulatory Announcements. The success achieved in Spain paves the way for this service to be exported to other countries where SIX, the owner of BME, has a presence. In this way, the clients of this new service benefit from SIX’s financial power, which every day invests one million dollars in technology.

Berta Ares, General Manager of BME Inntech and Head Data Science and Innovation, Financial Information at SIX, points out that the new SICAM release represents a big leap for the tool, as it has been built with state-of-the-art, cutting-edge Big Data and Continuous Integration architecture technology that allows the incorporation of new functionalities in an agile way and based on customer needs. "In this way, a system of continuous improvement is developed, and priority is given to customer needs while not losing track of the objective of regulatory compliance".

You can find more information about SICAM 2.0 via this link.