FSA unveils new market abuse detector

The UK’s financial regulator will today unveil a “more intelligent” surveillance and monitoring system to detect market abuse. The launch of the Financial Services Authority’s long-awaited Zen system comes as the European Securities and Markets Authority, the pan-European regulator, is looking to harmonise transaction reporting for equity, debt and derivatives and bring market abuse surveillance systems into line.

Read more: FSA unveils new market abuse detector — Financial Times