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Detecting Rogue Trading using Blockchain

Detecting Rogue Trading using Blockchain

Eliminating database inconsistencies through decentralised, consensus-based trade validation.

Policies and strict governance can prevent rogue trading, but a more direct way is stricter controls on the technologies used for booking these trades. Inefficiencies and inconsistencies in databases used within banks may allow traders to hide these trades from the central risk book. A German banking institution engaged DataSpartan to work on a Blockchain platform that addresses these database inconsistencies.

Work with Us

Our team developed and deployed a Blockchain solution that allows different departments within the bank to have a consistent view of orders. The system ensures that it is impossible to delete or change any of the executed trade orders without other departments agreeing.

The solution provides transparency about trade execution and helps mitigate the risk of rogue trading. It is now fully integrated into a subset of the servers. APIs have also been built to allow developers to interface with Blockchain functions.

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