IFC0 · FININT · Market Surveillance

Manipulation
has a signature.

Market abuse is invisible in any single trade and obvious in the shape of the order flow. FININT runs cross-venue surveillance for spoofing, layering, wash trading, and insider patterns — resolving manipulation from the topology of the book, not one print.

01 / Capability Cross-Venue Surveillance

The trade is noise. The pattern is signal.

Conventional surveillance watches one venue and one instrument at a time. FININT correlates order flow across venues, instruments, and accounts — surfacing the coordinated behaviour that defines abuse.

MS.01

Order-Book Reconstruction

Full depth-of-book reconstruction across venues — every quote, cancel, and fill stitched into one timeline.

MS.02

Cross-Account Correlation

Linked-account and beneficial-ownership analysis to expose coordinated trading behind apparently independent actors.

MS.03

Behavioural Scoring

Intent-aware models that distinguish legitimate strategy from manipulation by the shape and timing of the order flow.

MS.04

Insider Pattern Detection

Trading activity correlated against corporate events and information timelines to surface informed-trading patterns.

MS.05

News & Sentiment Fusion

Order flow fused with news, filings, and sentiment to contextualise abnormal movement in real time.

MS.06

Case & Disposition

Regulatory-aligned case objects with reconstructed evidence, narrative, and audit trail for filing.

02 / Abuse Typologies The Manipulator's Playbook

Every abuse has a tell.

MA-01 · SPOOFING

Spoofing & Layering

Non-bona-fide orders placed to move price, then cancelled before execution.

Signature → high cancel-to-fill + one-sided pressure

MA-02 · WASH

Wash Trading

Self-dealing across linked accounts to fabricate volume and mislead the market.

Signature → circular fills + linked-account overlap

MA-03 · PUMP

Pump & Dump

Coordinated accumulation and promotion followed by distribution into induced demand.

Signature → accumulation + sentiment spike + distribution

MA-04 · INSIDER

Insider Trading

Informed trading ahead of material non-public events.

Signature → pre-event positioning + information timeline

MA-05 · FRONT

Front-Running

Trading ahead of known client or market order flow for advantage.

Signature → anticipatory fills + order-flow correlation

MA-06 · MARKING

Marking the Close

Trading concentrated at the close to set a benchmark or valuation price.

Signature → close-window concentration + price impact

No single trade is the crime. The pattern is.

Engage FININT · Markets

Resolve abuse from the order flow.