Sydney-based Morrison Securities turns to Eventus Systems for trade surveillance

Continued uptake of Validus platform in Asia-Pacific region as Eventus signs first Australian client

AUSTIN, Texas and SYDNEY, May 13, 2021 /PRNewswire/ -- Eventus Systems, Inc., a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that Sydney-based Morrison Securities, a major Australian stock brokerage firm, will deploy its Validus platform for trade surveillance in equities, equity options and warrants. Morrison is the number one broker in the Australian Securities Exchange (ASX) equity derivatives market by volume and value and a leading provider of execution and clearing services to Australia Financial Services Licence (AFSL) holders.

This is the first Australia-based client for Eventus, which has earned 15 global awards and honors in the past few years and steadily grown its presence around the world, including in the Asia-Pacific (APAC) region.

Eventus CEO Travis Schwab said: "We are thrilled to welcome Morrison as our first client based in Australia and excited to partner with this market leader as our firm continues to grow and evolve. We've continued to make strong inroads into APAC and expect that we'll see significant growth in Australia and other parts of the region in the coming year. Increasingly, firms that have been using legacy surveillance platforms are turning to us for the efficiencies and flexibility that Validus provides."

Morrison will go live on Validus in July for trade surveillance of the firm's activity on the ASX, Chi-X Australia (CXA) and the National Stock Exchange of Australia (NSX). The brokerage will deploy the cloud-based version of Validus, hosted in real time.

William Slack, Managing Director, Morrison Securities, said: "We see a lot of similarities between our two organizations and share a common philosophy with Eventus of putting clients first. Its reputation for client service is outstanding, and we've had a really good engagement all the way through, from our sales representative to senior leaders. We view Eventus as a true partner, where we can work closely together to develop what we need and efficiently scale our trade surveillance capabilities as we expand onto new exchanges and delve more deeply into the markets we're trading.