Millennium Surveillance™ – Millennium Surveillance™ – Achieving Excellence Achieving Excellence 11-Nov-2015 Anton Kryukov Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 2460, +1 415 830 38 49 www.exactpro.com

2 • What is Millennium Surveillance™? • Manipulative trading behaviours • Key functional features • How can we test Market Surveillance? Agenda Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com

Millennium Surveillance™ is a comprehensive set of tools to regulate your markets Millennium Surveillance™ offers a functionally rich, high performance, flexible, scalable, and reliable platform to regulators, exchanges and brokers in order to ensure their markets remain fair, efficient and transparent 3 Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com What is Millennium Surveillance™?

• Front running • Insider trading • Wash sales • Layering the book • Painting the tape • Marking the close 4 Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com Manipulative trading behaviours

• Multi-dimensional analysis in real time and offline with pattern recognition and alerting • Patent-pending Alert Investigation System which identifies the events that triggered the alert • Market replay • Integrated Business Intelligence module to generate reports, and dashboards accessing internal as well as multiple external data sources • Instant drill-down capability • Alert and case management module 5 Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com Key functional features

6 Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com How can we test Market Surveillance?

•Use model-based approach •Detect false positives •Detect missing alerts •High degree of test automation 7 Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com How can we test Market Surveillance?

Thank you! 8 Quality Assurance & Related Software Development for Innovative Trading Systems Tel: +7 495 640 24 60 , +1 415 830 38 49 www.exactpro.com