FTX contracts Eventus for global risk monitoring needs

Global crypto exchange FTX.COM (FTX/USD) and Eventus, a leading provider of market risk and multi-asset class trade surveillance solutions, have entered into a groundbreaking partnership.

Under their agreement, Eventus’ Validus platform will be deployed for trade surveillance and risk monitoring on all FTX markets worldwide, Invezz learned from a press release.

The companies made the announcement at the beginning of the FTX Crypto Bahamas conference, which features networking and collaboration among leading players in the conventional finance and cryptocurrency industries.

Expansion of an already strong relationship

The partnership marks a notable expansion of the relationship established at the end of 2021, when FTX US selected Validus for trade surveillance and risk monitoring on FTX US Derivatives, its licensed cryptocurrency futures and options clearinghouse and exchange, and FTX US spot market.

Eventus CEO Travis Schwab said:

We’re incredibly honored that FTX.COM has placed its full confidence in our platform after experiencing first-hand its power and versatility for meeting compliance and regulatory goals. The exchange has made abundantly clear the importance of a fulsome trade surveillance program to its overall mission, and we’re particularly pleased that FTX leaders recognize how Validus can meet its changing needs as the company continues to grow at such a stunning pace and establish new regulated markets in jurisdictions throughout the world.

On April 28 Mike Castiglione, Eventus Director of Regulatory Affairs, Digital Assets, will speak at the Crypto Bahamas Conference on the U.S. Crypto Regulation panel.